OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Extend Tax Cuts for Jobs

Floor Speech

Date: July 30, 2010
Location: Washington, DC
Issues: Minors and Children Taxes Marriage

Mr. WILSON of South Carolina. Mr. Speaker, on Wednesday I highlighted the significant tax increases that are heading toward hardworking Americans at the beginning of next year. Families, married couples, and parents are going to be paying more taxes. Washington liberals are planning to reinstate the marriage penalties and cut the child tax credit in half.

Cutting the child tax credit in half from $1,000 to $500 per child will cost the average American family around $1,033 in higher taxes in 2011.

Reinstating the marriage penalty will cost an average of $595 for each family in 2011. In these tough economic times, raising taxes will eliminate jobs. It is time for Washington liberals to stop passing policies that penalize families and start passing incentives that promote job creation.

In conclusion, God bless our troops, and we will never forget September the 11th in the Global War on Terrorism.


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