Jeff Duncan: “the average American today pays about 40 percent of his or her income in taxes when we count taxes of all types…”

“the average American today pays about 40 percent of his or her income in taxes when we count taxes of all types, Federal, State and local. Then the average person pays another 10 percent in regulatory costs passed on to them in the form of higher prices. This is why today the average family has one spouse working for the government and one spouse working for the family. Many people do not realize how much they are paying, about half of their income going to support the government. Today we are proposing in our budget an $85 billion tax cut. Some people have implied that this tax cut is just too much, yet this cut is spread over a 7-year period. During that time period, this amounts to a tax cut of less than 1 percent per year. I know we can afford this. The Federal Government wastes far more than 1 percent each year. I urge my colleagues to support this very needed tax relief for the families of America, a large part of which is a $500 per child tax credit. Let us support the families of America instead of wasting more through our Federal bureaucracy.”