Thomas Daschle: “There are 72 million middle-class taxpayers who have been skipped over in this bill. Of all the problems many of us have…”

“There are 72 million middle-class taxpayers who have been skipped over in this bill. Of all the problems many of us have with regard to this particular bill other than its overall size, I think it is this. There is no rate cut for those who fall in the income brackets of most Americans. I know in South Dakota this represents about 90 percent of the people in my State. From $12,000 to $45,000 net, $12,000 to $65,000 gross, there is no rate cut. There is a rate cut in the sense we establish a new rate, cut from 15 percent to 10 percent, and that 10 percent goes into effect. But it is for all of these different categories, the different rates that we have in our income tax schedule today. Everybody gets the value of that new 10 percent rate. The only people who do not get anything beyond that are those who fall in this income category, $12,000 to $45,000. That is the largest single group of income taxpayers in the country.”