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Public Statements

Progressive Caucus

Floor Speech

By:
Date:
Location: Washington, DC

Ms. MOORE. Mr. Davis, you are a member of the Ways and Means Committee so perhaps we can seek some clarification on the earned income tax credit expansion, which you say you have championed, and that is a very effective antipoverty program, one of the elements in the Ryan antipoverty program that you say is a good feature but you object to the pay-for for the expansion of the earned income tax credit.

In order to expand it to folks up to age 64, as he proposes, which is a great idea--and incentives work, because he says a lot of poor people don't want to work--this would enable low-income people to have that subsidy through the Tax Code, as we benefit many corporations that same way.

Just recently, the Ways and Means Committee just extended about $618 billion of corporate taxes. I am wondering what the pay-for for these corporate extenders were.

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Ms. MOORE. Mr. Davis, that was very confusing to me, and I will take my seat, but I just wanted clarification on that.

The earned income tax credit, which is a benefit that is provided to ordinary Americans through the Tax Code, we are required to eviscerate programs like Meals on Wheels for elders through the Social Services Block Grant and to get rid of maybe some of the low-income heating programs that heat homes in places like Chicago that are cold in order to pay for an expansion of the earned income tax credit, but the $618 billion in tax cuts which were designed to be just temporary but you made permanent the other day, I guess you pay for it by not giving unemployment compensation to people.

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