Reps. Pappas and Tauscher
July 23, 1997
in this forum:
How are the fund-raising hearings playing in your district? How has the Republican coup impacted the Members? What is the rationale behind the tax proposal? Shouldn't Congress simply ban soft money? Why does the tax cut bill eliminate the tuition waiver? Why hasn't the Justice Department charged anyone for fund-raising crimes?
General information, schedules and past Freshmen Forums.
Return to @the Capitol.
Scrutinize the work of several major Congressional committees in online forums with the chairs and ranking members.
Follow the first year in Congress of Freshmen Reps. Kay Granger (R-TX) and Jay Johnson (D-WI)
A question from Tim Benning of Salisbury, MD:
Why is Congress moving away from the tax simplification themes of the 1980's when opinion polls clearly show that Americans want to continue on that track?
Why are taxpayers with children being given preferential status over taxpayers without children in the child tax credit proposals? Don't they already benefit by receiving a deduction for each child?
Rep. Tauscher responds:
I believe that our nation's tax code needs to be simpler and more straightforward. The complexity of the code confuses the average taxpayer and benefits the wealthy who are able to exploit loopholes and take advantage of provisions allowing them to shelter much of their income from taxation. But our top priority today must be to balance the budget. A balanced federal budget, and a healthy economy, lead to greater wealth and security for all Americans. It is my hope that when we eliminate the deficit and reinforce the foundation of our economy, we can begin to address our unnecessarily complex tax code.
While it is true that taxpayers with children currently may claim a deduction for each child, it is also true that families with children face greater economic burdens than do individuals. For this reason, it is important that any tax reduction legislation, provide a tax credit for families with children.
Rep. Pappas responds:
The tax relief package that the House is working towards provides tax relief for every stage of life: for families with children, to pay for schooling, for home-ownership or to save and invest for retirement.
From the family farm to the small business, everybody benefits. The package includes tax relief for college expenses, IRA-style education savings accounts, a $500-per child tax credit, capital gains tax relief for individuals who sell their homes, relief for the self-employed and small businesses, and other important pro-family and pro-growth components. Over five years about three-quarters of the tax relief will go to those making less than $75,000.
Families deserve the freedom our tax relief plan will begin to bring about. The $500 per-child tax credit in our tax relief package will give parents more freedom in raising their children to be healthy, well-educated, productive adults. There will be less pressure to work second jobs just to pay an ever-increasing tax bill. We must support families in their efforts to raise their family and this credit is a common sense method to do so.