[Congressional Record (Bound Edition), Volume 149 (2003), Part 10]
[House]
[Pages 13731-13732]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      REGARDING THE LATEST TAX CUT

  (Mr. MORAN of Virginia asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. MORAN of Virginia. Mr. Speaker, last week President Bush signed 
the new tax cut law. That law is going to

[[Page 13732]]

give $93,500 per year to the 200,000 taxpayers making over $1 million a 
year while the majority of all taxpayers would get less than $100 under 
this new Republican tax plan.
  But to rub salt into wounds, there was a deliberate decision to deny 
every family whose income is under $26,625 a year the child tax credit. 
That includes most of the working class in this country. It includes 
nearly all men and women in combat. Their earned income is not $26,625, 
so they do not even qualify for the child tax credit and here they are 
putting their lives on the line for our country.
  This is unbelievable. The fact is, the families of the 12 million 
children denied this credit do pay taxes. Millions of them pay into the 
Social Security trust fund. That is the money we are having to borrow 
to pay for this tax cut.

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