[Congressional Record Volume 156, Number 52 (Wednesday, April 14, 2010)]
[House]
[Page H2509]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
FEDERAL TAXES
(Mr. CARNAHAN asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. CARNAHAN. Mr. Speaker, Federal taxes are very considerably lower
by every measure since Obama became President. That's a quote from
President Reagan's domestic policy adviser, Bruce Bartlett.
Congress and the President have enacted an array of tax cuts which
are crucial for efforts to turn the economy around. Instead of a return
to tax cuts focused only on the wealthy, these tax cuts are broad based
and touch many aspects of American life, from investing in a small
business, to buying a home or making it energy efficient, to sending
your children to college, to buying a car. These tax cuts are helping
families and businesses across the country and injecting consumer
demand in the economy and spurring business activity, investments, and
job creation.
All told, Congress has enacted over $800 billion in tax cuts,
including tax cuts hitting 95 percent of American families in the
Recovery Act. Building on the Recovery Act's 25 tax cuts, we have
enacted job-creating tax incentives to spur hiring for out-of-work
Americans, strengthening small business and tax credits, accelerating
write-offs to help grow this economy out of this deep economic hole.
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