Political Quotes

“I say now is the time to get back the money we gave to all those rich folks when we gave them the tax cut because we really need it. We could use it to pay for some of the equipment that the folks in the armed services need right now. But let me speak more specifically to the legislation that we are here to talk about. I rise in support of the Rangel substitute amendment, which not only makes permanent marriage penalty relief for millions of hardworking families eligible for the earned income tax credit but also provides that relief immediately, not 3 years from now like the Republican bill. In 2001, the marriage penalty relief that was enacted was phased in over a long period of time. Last year, the economic stimulus legislation that was enacted accelerated the phase-in of the 2001 marriage penalty relief provisions except for the marriage penalty relief in the earned income tax credit. I ask, why not? Why was immediate relief for the most needy neglected and not accelerated like the other marriage penalty provisions? The earned income tax credit assists lower and middle income earners. In Cleveland, Ohio, more than 80,000 individuals filed for the credit. In the State of Ohio, more than 700,000 individuals took advantage of the credit. Nationwide, about 18 million Americans utilized the credit.”