On the recordAugust 4, 1993
I don't believe any economists are saying that. My response is, look what happened to interest rates after the speech last night and then after the progress we were making yesterday. I mean, the interest rates once again were lowered in anticipation of the plan's successful passage. The economic incentives that were in the House bill are in the final conference for job growth. They have been slightly scaled back because we reduced the tax burden by over $40 billion in reducing the energy tax. And that's another that some of the economists said that we ought to do. So I think that you've got the same deficit reduction. You've got the economic growth incentives. You have real fairness in the Tax Code, and you made 90 percent of the small businesses in this country eligible for a whole wide range of tax reductions if they invest in their businesses. So I think it's a good plan, and I think that they're wrong.
Source
govinfo.gov




