[Congressional Record Volume 156, Number 52 (Wednesday, April 14, 2010)]
[House]
[Page H2557]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TAX BREAKS FOR MIDDLE CLASS AMERICANS
(Mr. BOCCIERI asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. BOCCIERI. Mr. Speaker, can you imagine that the Democratic
leadership in the United States Congress has given the largest tax cut
to middle class America? Well, that is certainly not the narrative that
you hear out there on the television shows and some of the radio shows,
but $288 billion in tax cuts for individuals and small businesses
delivered with the Recovery Act.
Nearly 40 percent of that tax package was tax relief to middle class
families, like the Making Work Pay Tax Credit, $400 for a worker, $800
per couple. Two hundred sixty thousand families in the 16th District
are already benefiting. Eight thousand dollar tax credit for first-time
homebuyers. Sixty thousand people in Ohio filed, totaling some $402
million in tax credits. Expansion of the child tax credit. Up to $2,500
in tax savings for families sending their kids to college. Two hundred
sixty-four thousand Ohioans are benefiting. Five billion dollars to
help businesses. Fifteen billion dollars to allow companies to carry
over their losses.
This serves as a reminder that the recovery package is the single
largest tax cut for American middle class families. Remember this tax
day who was standing with you.
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