[Congressional Record Volume 143, Number 101 (Wednesday, July 16, 1997)]
[House]
[Page H5304]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




       THE EFFECTS OF THE WASHINGTON BUREAUCRACY'S IMPUTED INCOME

  (Mr. TIAHRT asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. TIAHRT. Mr. Speaker, I have gotten a few calls over the past 
weeks about the Treasury Department's use of imputed income. Imputed 
income means if you own your own home, you could move out and rent it 
to another family, and therefore you could be making some more money, 
and it should be taxed.
  There are a lot of taxpayers that are feeling a little bit insulted 
by this concept that has been developed by a bunch of out-of-touch 
bureaucrats here in Washington, DC, who think that people can count 
income that is not really income. Maybe the President can rent his home 
out for a lot of money, but most people do not own or live in a home 
that they own free and clear.
  Telling the average American families that their incomes are actually 
$30,000 or more higher than they think is truly bizarre. Telling 
middle-class families that they are actually rich and therefore do not 
need some tax relief is just the latest outrage from the bureaucracy in 
Washington, DC, that does not live in the real world. Most Americans 
know it is time for some tax relief here in America.

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