When I was elected to Congress in 1994, the voters told me taxes were too high. This Republican Congress has not only balanced the budget, but we also enacted the first middle class tax cut in sixteen years. This year, parents of over 48 million children can keep more of their income to meet child rearing costs. Recent college graduates will have a head start in life with increased deductions of their student loan expenses. High death taxes are the number one factor for the breakup of the family farm or family business.
Republicans recognize that millions of new businesses start in the home.
In fact, the majority of new businesses are started by women. That is why female entrepreneurs will be pleased to know that we have increased the home office deduction so that over two million small business owners will qualify this year alone. Taxpayers forced to go to court with the IRS will now enjoy the same fundamental protections they have in criminal court. Republicans reformed the IRS because we believe taxpayers are innocent until proven guilty. We also have unfinished business and we are already at work helping lower taxes once again for America's working families.