[Congressional Record Volume 143, Number 96 (Wednesday, July 9, 1997)]
[House]
[Page H4923]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   REPUBLICANS' TAX PLAN TARGETS TAX CUTS TO AMERICANS WHO PAY TAXES

  (Mr. GANSKE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. GANSKE. Mr. Speaker, I just want to provide a few facts for this 
debate on tax cuts for the wealthy, quote unquote. I do not normally 
quote from Albert Hunt's column in the Wall Street Journal but I am 
going to today, because I think he has his numbers right.
  If we take a family of four with two children that are earning 
$23,000 a year, they would pay approximately $700 in Federal income 
tax. That would be what they would owe the Government in Federal income 
tax. However, under current law they would qualify for an earned income 
tax credit of about $1,700. So if we deduct what they owe the 
Government from the amount that they get back from the Government, they 
are getting a check back from the Government for $1,000.
  Our tax bill is focused and targeted on families who are still 
sending funds in to the Government for their taxes. That is why those 
families that are getting a check back from the Government do not 
qualify under the Republican plan. I think that is what the majority of 
people in my district want.

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