For lower-income families, my tax plan restores basic fairness. Right now, complicated tax rules punish hard work. A waitress supporting two children on $25,000 a year can lose nearly half of every additional dollar she earns above the 25,000. For overtime, her hardest hours, are taxed at nearly 50 percent. This sends a terrible message: You will never get ahead. But America’s message must be different. We must honor hard work, never punish it.
With tax relief, overtime will no longer be overtax time for the waitress. People with the smallest incomes will get the highest percentage reductions. And millions of additional American families will be removed from the income tax rolls entirely.
You can thank President George Bush for that.