A working family of four making $16,000 a year would get no credit under this plan. Is that not correct?

Is the Senator from Indiana trying to represent that this is a refundable tax credit to people who make under $16,000 a year?

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?

If they are paying no taxes and this gives them no tax credit, they would get no benefit under this proposal.

let us just consider this $500 child credit here. Our colleagues have characterized this proposal as a middle-class tax cut. The truth is, nothing could be further from the truth. Let us just consider how this credit works. For families…

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?

this amendment, I think, is a splendid bipartisan effort on the part of the Senator from Connecticut [Mr. Dodd] and the Senator from Vermont [Mr. Jeffords] to do something about the urgent problem of education in this country today. The…

That is a quick overview of the tax changes. Let us see what is happening on the spending side. I am sorry to say, the picture gets worse. It deteriorates even more. The fact is, this plan pays for its tax breaks by taking away health care…

I will tell you what the reality would be of the vision that he is trying to foist onto the United States Senate today and onto the American people. The vision would create larger deficits in the outyears. The deficits would continue to…

I rise this afternoon to support the amendment offered by the distinguished Senator from Iowa. With this amendment, Senator Harkin, I believe, wisely directs resources toward the chronically underfunded domestic programs and away from a…

But in the event his wins, then the Senator will modify his amendment and the modification will be in such a way that you still fund the Byrne provision but you will take the funds from where at that juncture?

More than 70 percent of all Social Security beneficiaries have annual incomes of $30,000 or less. Asking these people--the retired elderly, 70 percent of whom make $30,000 or less--to give up some of their benefits could create very real…