On the recordJune 26, 1997
Today the Republicans will put on the House floor a tax bill that will provide the overwhelming amount of benefits to the top 1 percent of the taxpayers in this country, taxpayers earning in excess of $250,000, that will get $27,000 in tax relief while the lower 60 percent of the taxpayers in this country will get only 12 percent of that relief. What does that mean? That means that millions of American families who work every day, go to work, pay their taxes, starting police officers, school teachers and others with children, will not get the benefit of this tax bill. Why will they not get the benefit of this tax bill? Because the Republicans have decided that this should be tax relief for the wealthy as opposed to tax relief for the Nation. They have decided that this tax relief should be directed at those who need it the least and it should be taken from those who need it the most. Mr. Speaker, that is the difference that will be debated on this floor today. That is why this legislation eventually will be vetoed by the President of the United States.
Source
govinfo.gov




