Political Quotes

“I thank the Chair, and I appreciate the insight the majority leader provided. We will look at that and see where we stand on it, but I would urge that we do not need to wait a great deal of time for this to be fixed. The inspector general for Tax Administration of the U.S. Treasury Department started raising this formally in 2009. The issue actually came up in 2007 when individuals in the Treasury Department thought there was something wrong occurring. So the inspector general did a report, and he has called on us to fix it. In fact, he said in his report: We continue to believe the legislation is needed to ensure compliance with both laws. I would say that is what we need to do. The House has acted and we should act. Four billion dollars a year is a great deal of money. It is about $10 million a day that is going out of the country to individuals who should not be receiving it. According to the inspector general's report, the amount of the child tax credit--and as Senator Vitter said, this is not a tax deduction. This is a $1,000-per-child tax credit that we have for people in the United States who work, who have worked lawfully, and who have children and they get a check. If they owe no income tax at all, and a substantial percentage of the people who work in America end up not paying income tax, but they still get a check from Uncle Sam for $1,000 per child.…”