Lamar Smith: “First of all, I want to thank the chairwoman of the Budget Committee for yielding me time. Mr. Speaker, we need to pass…”

“First of all, I want to thank the chairwoman of the Budget Committee for yielding me time. Mr. Speaker, we need to pass this budget not only to rein in out-of- control spending, but also to give Congress the go-ahead on much-needed tax reform. We need to reduce the tax burden on hardworking Americans. The typical household in the 21st Congressional District of Texas pays over $15,700 in Federal taxes. Past experience shows that tax relief generates strong economic growth. It enables Americans to save, invest, create jobs, and spend more of their income. Our vision of tax reform benefits families across America. For example, in my congressional district, one-sixth of households utilize the child tax credit. Increasing the child tax credit will help families keep more of their hard-earned money to use on child care or parental leave, school supplies, college savings, and other expenses associated with raising a child. Let's help American families enjoy a more prosperous future rather than pay more of their hard-earned dollars to the Federal Government.”