[Congressional Record Volume 143, Number 91 (Wednesday, June 25, 1997)]
[House]
[Page H4378]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                             IMPUTED INCOME

  (Mr. HUTCHINSON asked and was given permission to address the House 
for 1 minute.)
  Mr. HUTCHINSON. Mr. Speaker, listening to the other side characterize 
our tax bill as ``tax cuts for the wealthy'' has led me to come up with 
a perfect letter for my constituents. It would go like this:

       Dear Middle Class Taxpayer: For tax purposes only, you are 
     hereby declared rich. I know this must come as quite a shock 
     to you, but that is not even the good part.
       Although you and your wife live quite modestly and think 
     that when you add your $25,000 salary to her $20,000 salary 
     you make $45,000. Well, think again. This includes all of 
     your overtime. But whenever you earn $45,000 per year, the 
     liberals in Congress have decided that you actually make over 
     $75,000 a year. It is called imputed income.
       I am not sure exactly how they do that. But the bottom line 
     is, you are hereby declared rich. This means, among other 
     things, that you are now evil and that you are no longer 
     paying your fair share.
       Oh, yes, the tax cut you thought you were going to get, 
     well forget it. Being rich has never been so fun, has it?

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