Bill Archer: “I do not know where his figures come from, but the Joint Committee on Taxation, which distributes and scores this bill…”

“I do not know where his figures come from, but the Joint Committee on Taxation, which distributes and scores this bill, has distributed the benefit of this bill so that 76 percent goes to people under $75,000 of income. Now, with the addition of the change in the child credit and other things that were done, it is even more that goes to people who are under $75,000, and primarily between $20,000 and $75,000 of income. What has added more regressivity to this bill is the fact that those who favored the cigarette tax have put in place a tax that is the most regressive tax in the bill. Irrespective of how one feels about cigarette taxes, when the scoring is done on regressivity, that pushes more of the burden onto the very, very low-income people. So I wish we would just get the facts before the Congress and before the people.”