On the recordMarch 23, 1994
But it is true, is it not, that a family of four making $16,000 a year gets no tax credit under this Republican proposal that the Senator from Indiana is lauding today? Is that not correct?
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govinfo.govJames Sasser: “But it is true, is it not, that a family of four making $16,000 a year gets no tax credit under this Republican proposal…”
Editor's note · Context
Questioning the tax implications of a Republican proposal during a debate.
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More from James Sasser
Mar 23, 1994
As I understand the way this tax credit works, or child-care credit works, if a family is making $1 million a year they would get the same tax credit per child as a family making $30,000 a year. Is that correct?
Apr 20, 1994
It is my understanding, that every appellate circuit that has examined this issue has held that State laws that allow the timing of perfection to ``relate back'' to an earlier date are consistent with and not in conflict with Federal…
Mar 23, 1994
If they are paying no taxes and this gives them no tax credit, they would get no benefit under this proposal.
Mar 23, 1994
But it would not be effective really in safeguarding the discretionary spending from being raided.
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