On the recordApril 15, 1999
My heart is heavy as I look at this budget. My heart is heavy because I think it is not a good roadmap for our future. I say that because I think this budget fixates on tax cuts to the wealthy, to the exclusion of other important critical priorities such as Social Security, Medicare solvency, and the environment. Under this proposal, virtually all of the on-budget surplus would be used for tax cuts. Tax cuts are good and I certainly do support targeted tax cuts to people who need it, such as the kind of program we unveiled yesterday at the White House with the President, the USA accounts, the Universal Savings Accounts that will go to people with $100,000 a year and less, and give them incentive to save by having matching funds from the Federal Government. It will make life good for our people. That is the kind of tax cut we ought to be talking about. But that is not an across-the-board tax cut that we hear talked about.
Source
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