Political Quotes

Paul Tonko: I think the important thing here with the tax situation is that, you know, Representative Kagen is exactly right. What…

On the recordApril 13, 2010
I think the important thing here with the tax situation is that, you know, Representative Kagen is exactly right. What we were targeting, what we were focusing, is the bulk of American workers out there, middle-income Americans who were requiring some kind of relief. And as we made it our task in a laser-sharp, focused way to stop the bleeding of this recession, we wanted to make certain that there was some more purchase power for America's working families. And one of the very first measures was the Making Work Pay tax credit, which we will speak to, at least a $400 benefit for an individual or, for those filing jointly as a couple, $800. Now, this an incremental benefit that began in 2009 and continues through 2010. And I think it's important for us so as to get that buying power out there to encourage people to perhaps pick up some of the purchasing that they wanted to do that they were not able to do. It's important for us to make certain that if you've done your taxes, if you missed this opportunity in 2009, make certain you're asking those who may prepare these taxes for you to check out these benefits. You should file under Schedule M of the 1090 form to make certain that this particular credit is taken advantage of. It is putting a great benefit out there for some 110 million working families.
Said by
Paul Tonko
Democratic · New York
Source
govinfo.gov
Apr 13, 2010

Editor's note · Context

Speaker Tonko discusses the importance of the Making Work Pay tax credit for middle-income Americans.

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