Political Quotes

“Yesterday, I introduced a piece of legislation that would have the result of eliminating income taxes on unemployment compensation benefits. Since 1986 that had been a part of the tax structure of our country, that even those who have lost their jobs and have received and started to receive unemployment compensation benefits would have had to include those benefits in their gross income for tax purposes. My bill would eliminate that from now on. Actually the bill would call for elimination of tax on unemployment benefits starting retroactively to January of 2001 so that the entire tax year of 2001 would be one in which there would be no income tax applicable to unemployment compensation benefits. This has the happy circumstance and coincidence of also covering all the people who lost their jobs after September 11, and we know what happened to the economy as a result of that terror jolt that happened across the world. So here we have a prospect of eliminating a vexatious tax, and it has some admirable consequences.”