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Temporary Tax Relief Act of 2007

Date: Nov. 9, 2007
Location: Washington, DC
Issues: Taxes


TEMPORARY TAX RELIEF ACT OF 2007 -- (House of Representatives - November 09, 2007)

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Mr. LARSON of Connecticut. Mr. Speaker, I rise in strong support of this legislation.

Our colleague ARTUR DAVIS on the committee, in direct inquiry, in talking and eliciting a response, said the following: 138 million Americans will be filing taxes. Under 50,000, under 50,000 of them, will be filing with carried interest. And you know what? They are going to make, I believe, $936 billion. With this act that we are passing today, we are going to impact 23 million people, many of whom are going to be earning as little as $40,000.

[Time: 12:15]

Now, here's the deal, the people who earned $936 billion, next year, God forbid, they are going to be making $934 billion. Makes you tremble.

Your party has become part of the Save the Schwarzman Seven instead of looking out for the interests of our people.

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