Political Quotes

“I reiterate my appreciation to my friend, the chairman, and all those who worked on this bill in the Ways and Means Committee. There are a lot of good provisions in this bill, many of which I support. There are good provisions in there to help economic growth-- the expensing provisions, interest, R&D--but I have serious reservations. The fact of the matter is for all those watching at home, to my constituents, this bill does not fix the problem that allows illegal aliens who have children who were born in the United States to claim the tax credit. It takes the problem we have with so-called birthright citizenship and anchor babies and doubles down on it, makes it worse. That was a mistake in 2017. We should rectify that mistake. However, worse, it goes on and expands the credit. Mr. Speaker, 91\1/2\ percent of the relief in this bill are cash welfare payments to families that pay no Federal income taxes. It provides a total of just $2.8 billion to working families that pay taxes over 3 years. The fact is, the credit does expand, and it gets to be refundable to the full tune of $2,000 by 2025. These provisions undermine the benefits that we are trying to provide for economic growth which, I might add, are only a 2-year extension. It puts all of this in one big basket in 2025, taking away any leverage we are going to have by giving the other side what they want on the child tax credit. The fact of the matter is, we should not be supporting this bill.…”