I ask the gentleman if he can point out for the Members here from these charts precisely where this tax relief goes. The first chart shows that 90 percent of the tax relief over 10 years goes to families and to education, with $23 billion as a small item that goes to the other areas of relief. The second chart shows 76 percent of the tax relief goes to people with annual earnings under $75,000.
Discussing the distribution of tax relief during a debate.
Share
More from Bill Archer
I have always been in opposition to the alternative minimum tax. It made no sense.
If you do [away with the alternative minimum tax], you will do a service for the country.
Well, needless to say, for one who continued to do his own tax return, simplification has a lot of appeal to me.
Well, clearly the 1986 tax reform took a lot of time to put together, and in the end, it prevailed with some very hard-hitting pressures from the top on both sides.
Other voices in this conversation
