Darlene Hooley: “we need to pass a tax relief package that works for working Americans. By the way, the method of calculating income by…”

“we need to pass a tax relief package that works for working Americans. By the way, the method of calculating income by the Treasury Department was indeed devised by the Reagan administration. The tax reconciliation bill denies tax relief to millions of working families who pay Federal taxes but who earn less than $30,000 a year. These folks would be unable to claim the $500-per-child tax credit even though they pay Federal taxes. Mr. Speaker, we are talking about nurses, teachers, junior police officers who are trying to raise their families on limited incomes. We are talking about small business owners, family farmers, hourly wage earners. We are talking about people who put a significant percentage of their salaries toward paying Federal payroll taxes. We are talking about people who need tax relief. We are talking about people who get nothing under this tax plan. Let us not pass up this golden opportunity to provide tax relief to families that need it most. It is time to restore the full $500-per-child credit to working families.”