NAN A. S. HAYWORTH: “it is a very important first step that we take these important steps, even as we look at broad based tax reform, that we…”

“it is a very important first step that we take these important steps, even as we look at broad based tax reform, that we offer tax relief and tax cuts. This is another area where there are some honest disagreements. Treasury Secretary Robert Rubin came to testify in front of the Committee on Ways and Means a couple of weeks ago. The administration has a limited plan for a $500 per child tax credit. I asked Secretary Rubin about that single mom in the sixth district of Arizona, and there are many of them, who may not be receiving child support payments from their former spouse, who may be working very hard to stay above the poverty level and therefore not qualifying for the earned income tax credit and let us say the single mom has two children, ages 13 and 15. Under the administration's plan, that family would receive no tax credit for those children because, you see, the President's plan only goes to age 12. Those of us who are parents, and the gentleman from Georgia and I, the gentleman from Georgia's daughter is just entering her teenage years, our eldest daughter is just leaving her teenage years. There is one basic principle: Children grow more expensive as they grow up.”