Mr. Speaker, if you think you are paying by the word, that is certainly the case. Because in the wake of our last tax increase, the largest tax increase in American history, the President of the United States, who talks about tax breaks for the middle-class, offered a tax increase so regressive that with the retroactivity attached to it, people who had passed away still owed more from beyond the grave due to retroactivity. It is the height of absurdity when the American family in 1948, an average family of four, surrendered about 3 percent of its income in taxes to the Federal Government, to where last year the average American family of four surrendered virtually one quarter of its income in taxes to the Federal government. That affects everyone. Mr. Speaker, we need to make a change. We have taken a look at priorities and we see that clearly, in the wake of these expenditures, Washington's priorities have totally gotten out of whack.
NAN A. S. HAYWORTH: “Mr. Speaker, if you think you are paying by the word, that is certainly the case. Because in the wake of our last tax…”
Editor's note · Context
Discussing the complexities and burdens of the U.S. Tax Code and its impact on American families.
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