Mark Neumann: “I would like to translate this into what it means for an average American out there. When I look at this chart and I see…”

“I would like to translate this into what it means for an average American out there. When I look at this chart and I see the spending growth rate going down, this distance from here to here not only means a balanced budget. It means something in families all across America. Because since we did not spend this money in the government, we were able to take that extra money and lower taxes with it. For a family out there in America today if they are a middle-income family with kids under the age of 17, next year when they do their tax return they are going to get a $400 tax refund for each child under the age of 17. If they have a college student, they are going to get up to $1,500 in a tax refund. This is not a tax deduction. This is not fiction. This is not a political promise. This has been passed into law. They are going to get $400 per child in a tax refund in a check back from the United States Government and up to 1,500 to help pay for college tuition. It does not stop there. Stocks and bonds. If Americans bought investments, and the stock market has gone up dramatically. Even with the recent decline, we are still significantly ahead are where we were 3 years ago. If they sell some of that stock and make a profit, they used to pay 28 cents on the dollar to the government. Now they pay 20; that reduction of capital gains is very significant for all kinds of folks.…”