The central tenet of this bill is reducing the tax cut down to $1.2 trillion. We would devote the other $150 billion towards educational initiatives. How many of us have heard from our constituents about the high cost of the property taxes? The main contribution to these high property taxes is the cost of special education, and that is a Federal mandate. Let us right now reduce the tax cut and put it towards IDEA and property tax relief. I urge adoption of the Carper-Chafee property tax relief amendment.
Lincoln Chafee: “The central tenet of this bill is reducing the tax cut down to $1.2 trillion. We would devote the other $150 billion…”
On the recordMay 22, 2001
Source
govinfo.govEditor's note · Context
Discussing a tax cut bill and advocating for property tax relief and educational funding.
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