Our children deserve to learn in schools that are not overcrowded or falling apart. That is why Rep. McCarthy supports tax incentives for corporations who participate in cooperative agreements with public schools in distressed areas. Congresswoman McCarthy supports legislation allowing middle-income taxpayers to deduct qualified interest payments on student loans. Currently, the phased-in deduction was limited to 60 monthly interest payments. Her tax proposal allows taxpayers who meet the income guidelines, established in the Taxpayer Relief Act, to deduct student loan interest payments from their federal income taxes beyond the 60-month payment.
Many seniors require special care.
Another is to remain fiscally responsible. That is why Congresswoman McCarthy supported measures to ensure a balance federal budget. This has already yielded a significant budget surplus. However, it is important not to squander this surplus on overreaching tax cut proposals that constrains our ability to pay down the debt. Congresswoman supports legislation aimed at paying down the national debt because taxpayer will have more money.