On the recordFebruary 14, 2001
as someone who campaigned on the platform of providing tax relief for working American families, I am particularly proud today to announce my support for President Bush's plan to lower income tax rates across the board and to eliminate the marriage tax penalty. I would like to address two issues today: number one, why I am supporting this plan; and, number two, what our opponents are saying about this plan and address those issues fairly and squarely. First, why do I support this plan? Well, I support it because it is going to make a meaningful difference in the lives of so many working families here in the United States. For example, for a married couple raising two children on a salary of $50,000 combined, they will receive a 50 percent tax cut. That is a savings of $1,600 a year. Now, a savings of $1,600 a year for that family translates into an extra $133 of groceries in their refrigerator every month for those two children that otherwise would not be there. Now, as someone who himself grew up in relatively humble circumstances, raised by a single mom on a salary of a secretary with three children, I do not have to guess about how much working families and single mothers need tax relief. And that is why I am so enthusiastic in my support of President Bush's tax cut plan.
Source
govinfo.gov




