Tim Ryan: “Mr. Speaker, I have a couple points that I would like to make in addition to thanking the gentleman from Ohio (Mr.…”

“Mr. Speaker, I have a couple points that I would like to make in addition to thanking the gentleman from Ohio (Mr. Strickland) for his comments and his leadership on this particular bill. The child tax credit of which we are talking about adding on to, the additional funding that it would take only accounts for 1 percent of the final bill that we passed, 1 percent out of a $350 billion bill. This would have been $3.5 billion. And when you take a step back and you look at the overall picture, you will see that this type of investment of only 1 percent of the entire bill would have much more value to the economy, would put more back per person that would receive the money than the money that we were giving in the same amount, actually much, much more, to the top 1 or 2 percent. These people are actually going to go out and spend the money. They are going to go out to the store, as Mr. Strickland stated, and they are going to spend it because they do not have a lot. But if you give $93,000 back to someone who makes a million dollars, they are not going to buy anything new that they do not already have. So I think it is important when we talk about this also to talk about the portion that is an economic stimulus part of this bill.”