James Moran said "last week President Bush signed the new tax cut law. That law is going to give $93,500 per year to the 200,000 taxpayers making over $1 million a year while the majority of all taxpayers would get less than $100 under this new Republican tax plan. But to rub salt into wounds, there was a deliberate decision to deny every family whose income is under $26,625 a year the child tax credit. That includes most of the working class in this country. It includes nearly all men and women in combat. Their earned income is not $26,625, so they do not even qualify for the child tax credit and here they are putting their lives on the line for our country. This is unbelievable. The fact is, the families of the 12 million children denied this credit do pay taxes. Millions of them pay into the Social Security trust fund. That is the money we are having to borrow to pay for this tax cut." @ PoliticalQuotes.com

On the recordJune 4, 2003

last week President Bush signed the new tax cut law. That law is going to give $93,500 per year to the 200,000 taxpayers making over $1 million a year while the majority of all taxpayers would get less than $100 under this new Republican tax plan. But to rub salt into wounds, there was a deliberate decision to deny every family whose income is under $26,625 a year the child tax credit. That includes most of the working class in this country. It includes nearly all men and women in combat. Their earned income is not $26,625, so they do not even qualify for the child tax credit and here they are putting their lives on the line for our country. This is unbelievable. The fact is, the families of the 12 million children denied this credit do pay taxes. Millions of them pay into the Social Security trust fund. That is the money we are having to borrow to pay for this tax cut.

Said by

James Moran

Virginia

Source

govinfo.gov

Editor's note · Context

Criticizing the tax cut law signed by President Bush and its impact on low-income families.

Share on X Share on Facebook Email this quote