Political Quotes

Spencer Cox: the average middle-class American family earning the median income around $39,000 a year or so pays over 40 percent of…

On the recordAugust 4, 1999
the average middle-class American family earning the median income around $39,000 a year or so pays over 40 percent of its gross income in taxes. Meanwhile, Washington is taking the highest share of our whole economy in taxes in over two centuries of the Nation's peacetime history. The tax relief bill passed by this House will help working Americans. But it will first lock away 100 percent of Social Security taxes for retirement security and set aside $2 trillion for Social Security and Medicare over the next 10 years. It will pay down the national debt, $227 billion more in debt relief than the Democratic minority proposal. Mr. Speaker, it is time for responsible tax relief for working Americans.
Said by
Spencer Cox
Republican · Utah

Editor's note · Context

Discussing tax relief and its impact on middle-class families and Social Security.

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