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This week in Congress, I voted for a responsible child tax credit that
would have provided much-needed relief to Arkansas's working families,
while not adding a dime to our national debt. The tax credit I voted
for would have permanently extended the $1,000 child tax credit, and would
have let working families who earn $10,000 or more claim the credit.
Unfortunately, the House majority passed a child tax credit that seeks
to make tax cuts to families whose incomes are between $110,000 and $270,000
permanent, yet only extends the tax credit for low-income workers for one
year! And how does the majority want to pay for this massive tax cut? By
adding to our nation's swelling national debt - the largest in our nation's
history. When our country is $8 trillion in the red, we must pass tax cuts
that are fiscally responsible, and unfortunately, the bill passed in Congress
this week fails to do that.
Also this week, the House majority passed an incredibly irresponsible
budget that digs deeper into our national debt, while at the same time,
slashes funding for important domestic programs, including education, rural
water projects, grants for our rural fire departments, and law enforcement.
This budget also fails to protect and preserve Social Security, which will
be broke by 2042.
It simply makes no sense to enact a budget that creates billions of
dollars in tax cuts for the wealthiest people in America by borrowing the
money to pay for these cuts from our children and grandchildren.
Our grandparents' generation left this country a little bit better off
than they found it for our parents' generation, and our parents' did the
same for our generation. I believe we have a duty and an obligation
to leave this country better off than we found it for our children and
grandchildren. It is wrong to continue to borrow $1.1 billion a day
to fund tax cuts for the rich and leave our children and grandchildren
with the bill. |
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