Nick Lampson: “as my colleagues know, in Congress we are working on giving Americans an $85 billion tax cut. The question is who should…”

“as my colleagues know, in Congress we are working on giving Americans an $85 billion tax cut. The question is who should reap the greatest benefits from these tax cuts? Should it be the wealthiest corporations and the wealthiest Americans? Well, that is what I believe my Republican colleagues suggest. Or should it be the middle-class families who are struggling to obtain their dreams and could greatly benefit from these tax cuts? The Republican tax plan gives tax breaks to America's most profitable corporations and wealthiest individuals while leaving middle-class families with little help. According to a Treasury Department analysis, 63 percent of the Republican tax cuts will go to the top 20 percent of the wealthiest Americans. The Democrats' tax plan provides for middle-income families by giving a break to those families making less than $75,000 a year. It also provides a $500-per-child tax credit to middle- and low-income working families. The Republican plan denies millions of these families such tax breaks. I believe that is wrong. Working families need a break.”