I agree with you. You are absolutely right. The fact is that when it comes to the tax reform, it is going to help most Americans. And we have done it after we have already taken the spending cuts, $190 billion, deficit reduction of $90 billion. It is only when we start looking to the tax reform to help us create jobs, over 300,000 a year, to help encourage savings to help encourage investment, and that is what America is all about. If we can create more jobs, not Government jobs per se, but real private sector jobs, we will have more people paying taxes and more, a more stable tax structure for everybody. Everybody can pay less toward the Government and get more in their pocket so they can help this economy drive forward. We have the elder care tax credit, the new IRA's are part of that program. We have the new adoption tax credit. All of those tax reform packages will help seniors, help working families, will help children. So, frankly, when you talk about it here in this Congress, we have had bipartisan support for that program, but the President unfortunately vetoed the bill, and I am hopeful the next time when welfare reform comes before the President, tax reform comes before the President, and a balanced budget, we can make a difference, because with that balanced budget we are going to reduce the costs for working families, college education interest expense, car expense, and on the mortgage expense. And that is basic to the country.
Editor's note · Context
Discussing the benefits of tax reform and its impact on American families and the economy.
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