Tim Walz: Middle Class Tax Fairness Act

7.24.08: I'm proud to introduce the Middle Class Tax Fairness Act, which will allow the average taxpayer to keep more of their hard-earned dollars.

In this slow economy, it's unfair to put the load of taxation right on the backs of the middle class. Middle class Americans are being squeezed by high gas prices, high cost of groceries, high health care costs, high tuition costs, and their paychecks, as you heard, are not keeping up with the rising costs. And in fact, the speaker was right; they're actually $1,000 less than they were 5 years ago.

Meanwhile, our tax code is full of government waste and unnecessary giveaways to the richest 1 percent.

Today, I am introducing legislation that will restore balance to our tax code and do something unusual: help reduce the national debt. My bill will be a jump-start to this slumping economy. It will double the standard deduction for the next 2 years, providing an annual savings of $750 to 61 million Americans. It will expand access to the child tax credit and provide relief on property tax.

My legislation allows the middle class to keep their income and does so in a fiscally responsible manner, by fully being paid for.

Madam Speaker, it is easy to offer a tax cut. It's harder to pay for it. Join me.

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[cricket4121]

What a bunch of lies. All you bums should be thrown out of office. Most middle class people pay no or minimal taxes. My daughter got 4K more than she paid in, I call this welfare. I on the other hand, paid 48K in Federal Tax alone. I am not rich, I am an upper income person. We bare all the burden of taxes. I worked for everything I have, now creeps like this want to give it away to other people. If that is not bad enough, they want to lie to these people and say guys like me pay no tax.

[GradStud28]

Rep. Walz is fighting for average Minnesotans in the first district. We're not all rich! Get out next week and re-elect him to keep up the fight.

[goodsamMN]

Tim Walz is FOS