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Joe Crowley: I would just point out, in the bill H.R. 4994, which had bipartisan support last year--with every Republican but one--we…

On the recordMarch 3, 2011
I would just point out, in the bill H.R. 4994, which had bipartisan support last year--with every Republican but one--we passed it to eliminate the cliff and to eliminate the possibility of a massive increase in taxes on the middle class. So we have already addressed this. What your bill today will do is put that back in place. I would just ask my colleague Mr. Camp: What is it about the example I gave that's wrong? What is it about the example of a family of four, earning $88,000 a year? Based on their prior income taxes, they're eligible for the tax credits in the next year, assuming as they do, because they live a pretty dull life, a pretty hard life, trying to maintain their home, get their kids a quality education. Probably, at this point, maybe one of their kids is in college already; and by the way, they're probably accessing the Child Tax Credit, so they're used to taking tax credits. Now this is one other additional tax credit that they can avail themselves of--to do what? Not to get the $4,460 and take it and go out and buy a car, not to get the $4,460 to go on vacation or to scam somehow--but to buy what? Health care insurance for their families, health care insurance, which is something we all would want to provide for our families.
Said by
Joe Crowley
Democratic · New York
Source
govinfo.gov
Mar 3, 2011

Editor's note · Context

Crowley addresses concerns about tax credits and their impact on middle-class families.

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