Trent Lott: “why could the President and his allies not accept tax relief for the American people? The answer is profamily, progrowth…”

“why could the President and his allies not accept tax relief for the American people? The answer is profamily, progrowth tax reform puts a crimp in Government spending. If you allow the people to keep more of their money, it is a little less the Government would have had to gobble up and to spend. It makes it harder for practitioners of business as usual around this institution to provide favors to their constituents. It slows down the Government spending machine. That is why most Americans have paid more in Federal taxes than they should have paid. Big government in Washington needed their money to stay big and to grow bigger. I really believe that by giving some tax relief to the people, in many instances--in fact in most instances--you can actually wind up getting more revenue coming into the Government because the people are given more incentives to work hard, keep their own money, pay taxes, and everybody benefits from that. As of midnight tonight, tax year 1995 will be history. It is maybe too late to lessen the burden on that year, on the past, but we can, indeed, do something about the future in the hope that on this same day next year, taxpayers will be able to celebrate the tax give back that they so justly deserve. Mr. President, I yield the floor.”