On the recordJune 24, 1997
later this week, this Congress will make a choice about the future of America. As we debate the tax bill, we will have to make a choice between the Republican plan that assumes that the rich do not have enough money and that working families have too much, or we can choose the Democratic plan that believes what we ought to do with the tax cuts is try to help working families educate their children, take care of their children, provide for child care, and reinvest in America. Those are the two visions: The Republican plan that will give people who earn more than $250,000 an average benefit of $27,000 and will cost people that are earning $17,000, $18,000, and $20,000 real money. That is the difference in a vision of America. To take people who now have done very well in the stock market and decide that, when they had no expectations of capital gains, we should provide them a reduction on the profits that they make, while we should not provide tax relief to low-income working Americans. That is the choice and a vision of America. We have got to decide whether or not we are going to use the resources that we have saved as a result of the balanced budget efforts that we have made over the last 5 years, whether or not those should be shared with working families in this country, or whether or not they ought to be lavished on the rich who simply do not need it. It is a matter of how we use those resources and how we promote families.
Source
govinfo.gov




