Political Quotes

Adam Smith: “We forget how strong the package was for seniors, but I want to talk about working families again, just real quick. We…”

On the recordApril 5, 1995
We forget how strong the package was for seniors, but I want to talk about working families again, just real quick. We heard about an average $120-some tax break. There are not any ``quarter'' of a children. Next April, under this plan that we just passed, every child will be worth $500 on the tax return to their parents. So if you have two kids, it is $1,000. If you have three kids, it is $1,500. That is actual money that you can use to raise your own children. So for many people that means that government will not have to do things for them they can do for themselves. For others, it means that they will buy something and pay taxes back into the economy. But it is a misnomer; all of the averages are often used to try to confuse the American people.
Said by
Adam Smith
Democratic · Washington

Editor's note · Context

Discussing tax benefits for families during a debate on a legislative package.

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