last night when the minority leader presented his motion to the House to recommit, he said the following, and I quote: This motion to recommit is very simple. It does four simple things. When I read the 16-page motion, I found out it included more like 40 than 4 changes. For example, it eliminates the marriage penalty, it eliminates the American dream savings account, it eliminates the spousal IRA. It eliminates the child tax credit completely in the first year and then reduces it to $100. It changes it from a $200,000 ceiling to a $60,000 ceiling which was called $95,000. It eliminates the tax on Social Security benefits, the tax preference for long-term insurance, the accelerated death benefits and long-term care benefits, it eliminates the capital gains tax reduction, it eliminates the neutral cost recovery provisions, it eliminates the repeal of the alternative minimum tax, it eliminates the increase in the social security earnings test. My question to the minority leader is I would like to give him the opportunity to explain why, what the disconnect is here when we were told this was a 4-point change when in fact it really completely and totally changed the bill.
Martin Hoke: “last night when the minority leader presented his motion to the House to recommit, he said the following, and I quote…”
Editor's note · Context
Discussing the implications of a motion to recommit presented by the minority leader.
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