[Congressional Record Volume 143, Number 96 (Wednesday, July 9, 1997)]
[House]
[Page H4921]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                CHILD TAX CREDIT DENIED WORKING FAMILIES

  (Mr. BONIOR asked and was given permission to address the House for 1 
minute.)
  Mr. BONIOR. Mr. Speaker, it is wrong to deny tax relief to America's 
working families, and what we are seeing here again is the Republicans 
and their rich and wealthy friends bashing working Americans and their 
families. Compared to the President's proposal, the Republicans' 
proposal, 4 million working families will be largely denied a child tax 
credit under their plan. These are people who make between $20,000 and 
$30,000 a year.
  An example: Consider a family of four with two children, living in a 
medium-sized southern city. The father is a rookie police officer. He 
makes $23,000 a year. Mother takes a few years off to take care of the 
kids. What happens under their plan? Zero. Zero for that family. Under 
the President's plan, $767.
  They take their credits and they give it to the wealthy in the form 
of tax relief on corporate minimum tax, a $22 billion giveaway. They 
give it to relief with respect to capital gains and indexing, $650 
billion that explodes in the outyears.
  They are bashing working people, and they are doing it to take care 
of their wealthy friends. It is wrong, it is outrageous, and we need to 
stop it.

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