[Congressional Record Volume 143, Number 110 (Wednesday, July 30, 1997)]
[House]
[Pages H6300-H6301]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
THE COLLINS FAMILY
(Mr. KINGSTON asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. KINGSTON. Mr. Speaker, back in the First District of Georgia what
will the tax cut mean to the Collins family? Mr. and Mrs. Collins, who
have a combined income of $61,000 and three kids, Dennis, Tom, and Sue
Ellen, the $500 per child tax credit means the Collins' will pay $1,500
less in taxes next year.
Mr. Collins is a farmer. Mrs. Collins is a school teacher. Because he
is self-employed, he can start deducting 100 percent of his health care
costs. That makes health care for the Collins family more affordable
and more accessible. And when it comes time to estate planning, to pass
that family farm, that American dream back down the line to Tom,
Dennis, and Sue Ellen, Mr. and Mrs. Collins will now have a $2.6
million unified tax credit on their death taxes that will be exempt
from the taxes so that they can pass the farm on to the next
generation.
[[Page H6301]]
Mr. Speaker, this is the American dream as the Republican Party has
worked for it. We have worked in a bipartisan fashion. We believe that
families like the Collins' are all over America.
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