Political Quotes

On the recordJune 9, 2003
We have legislation pending in this body that would do that. Interestingly enough, that tax cut would be paid for under the standard that we had adopted helping to create the green, that if you pass a tax cut it ought to be paid for with other tax increases or spending cuts so that the tax cut does not add to the deficit. And we close some loopholes and do other things that pay for the tax cut that would give relief to those in the $10- to $25,000 range. And people have said that is close to the minimum wage. A full-time worker at minimum wage makes about $10,000. So when you get up to 25, you are 2 rac{1}{2} times the minimum wage. So it is just not the bottom of the scale. You have gone quite a ways up of people that were left out that would be compensated and would be able to get the benefit of the tax cut without adding to the national debt, because in our plan that would be paid for, and that is the fiscally responsible way of doing it.
Said by
Bobby Scott
Democratic · Virginia

Editor's note · Context

Discussing a proposed tax cut and its funding during a floor speech.

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