[Congressional Record (Bound Edition), Volume 156 (2010), Part 12]
[House]
[Pages 16989-16990]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1020
                           TAX CUT EXTENSIONS

  (Mr. NEAL asked and was given permission to address the House for 1 
minute.)
  Mr. NEAL. Mr. Speaker, this Democrat will tell you what we intend to 
do. We have heard a lot of conflicting opinions during the past week 
about whether to extend the tax cuts for those at the top of the 
ladder. It is difficult to break through the clutter. But what is clear 
in this basic argument is it's about fairness and the type of tax 
system that we want to create.
  A recent analysis shows at various income levels both the cumulative 
benefit of tax cuts and the 2011 benefit, if we extend the tax cuts to 
everyone. Since 2004, those earning $10,000 have

[[Page 16990]]

received $335 in total tax benefits. And next year they can look 
forward to an additional $5 if we extend the Bush tax cuts. Now, for 
someone earning more than $7 million, we will note that they have 
enjoyed more than $2 million in tax benefits since 2004. And next year 
they can look forward to $339,000 in tax cuts if we extend the tax cut 
system that President Bush offered as-is.
  Five dollars versus $339,000? It's a basic question of fairness. The 
tax code should treat working families better.

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