Julian Bond said "As I understand it, I say to the Senator, that would not go for tax relief. That would go for increased spending. Now we are getting up--the record was set, I believe, in 1993, where we had a $240 billion tax increase. We still have a few hours left on this resolution, and all we need is about, as I calculate it, about $52 billion more in tax increases, and we could go over that $240 billion. Does the Senator think maybe there is an effort to break that record?" @ PoliticalQuotes.com

On the recordMay 21, 1996

As I understand it, I say to the Senator, that would not go for tax relief. That would go for increased spending. Now we are getting up--the record was set, I believe, in 1993, where we had a $240 billion tax increase. We still have a few hours left on this resolution, and all we need is about, as I calculate it, about $52 billion more in tax increases, and we could go over that $240 billion. Does the Senator think maybe there is an effort to break that record?

Said by

Julian Bond

Alabama

Source

govinfo.gov

Editor's note · Context

Discussing tax increases and government spending during a Senate debate.

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