Reclaiming my time, it is also my understanding that to the extent that we have talked about restoring the tax rates that were in effect in 2001, a tax code which by the way created 22 million new jobs in the last decade, that the gentleman from Wisconsin's (Mr. Obey) proposal simply reclaimed a portion of the tax cut that people in that top 1 percent would have received. In other words, even under the gentleman from Wisconsin's (Mr. Obey) proposals, they would get a tax cut because the amount reclaimed was less than the amount received. Mr. Speaker, I ask the gentleman from Wisconsin (Mr. Obey) if that is correct.
Rob Andrews: “Reclaiming my time, it is also my understanding that to the extent that we have talked about restoring the tax rates…”
On the recordSeptember 14, 2004
Source
govinfo.govEditor's note · Context
Discussing tax rates and job creation during a debate on tax policy.
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