Political Quotes

Adam Smith: “I was really confused during the vote, but am I to understand that when people file their tax return next year that…”

On the recordApril 5, 1995
I was really confused during the vote, but am I to understand that when people file their tax return next year that there was another provision in there, too, that would have eliminated a child tax credit in the first year? I do not think he said that either. He then reduces it from 500 to 100 the next 2 years and raises it back. Otherwise, he basically eliminated any benefit. I do not recall that that was made a point. Did I miss that?
Said by
Adam Smith
Democratic · Washington

Editor's note · Context

Questioning the implications of tax provisions during a discussion on tax credits.

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