Political Quotes

John Spratt: “The only bracket we refer to is the bracket that would include those making over, earning, having incomes over $500,000…”

On the recordMarch 25, 2004
The only bracket we refer to is the bracket that would include those making over, earning, having incomes over $500,000 a year, which is our definition of a wealthy person. So we are saying do not take all the benefits away from those taxpayers that have been provided by the 2001 and 2003 tax cuts, but consider cutting them in half, for example, in order to raise the revenues, to offset the costs of extending middle-income tax provisions like the 10 percent bracket, the child tax credit and the marital penalty provisions.
Said by
John Spratt
South Carolina
Source
govinfo.gov

Editor's note · Context

Discussing tax policy and the impact of tax cuts on wealthy individuals.

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