John Tanner said "I am advised that we made no substantive changes, that we get scoring for that savings because we cut out waste, fraud and abuse and maintained compliance. for example, if one has a trust fund income of $50,000 and has a job that pays 12, one would not be able to claim the EITC because they have a $12,000 income because we count the $50,000 unearned that they received from a trust fund. So, as we score that, we are entitled to savings, and they have been so stated." @ PoliticalQuotes.com

On the recordJuly 18, 1996

I am advised that we made no substantive changes, that we get scoring for that savings because we cut out waste, fraud and abuse and maintained compliance. for example, if one has a trust fund income of $50,000 and has a job that pays 12, one would not be able to claim the EITC because they have a $12,000 income because we count the $50,000 unearned that they received from a trust fund. So, as we score that, we are entitled to savings, and they have been so stated.

Said by

John Tanner

Tennessee

Source

govinfo.gov

Editor's note · Context

Discussing changes related to the Earned Income Tax Credit and trust fund income.

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