Three points on taxes. I hope the Republicans will listen. The 76 percent for families less than $70,000 is based on 5 years, apparently. We have never seen the analysis. I challenge them, give us a 10-year analysis. They leave out the tax breaks the second 5 years. Give it to us. Second, Treasury, using the same methods used by the Reagan Treasury and the Bush Treasury, say two-thirds of the tax cuts under your bill go to the wealthy, the same method that was used by previous administrations. Third, they bust the budget in the outyears. They bust it. So come here not with phony figures. Come here with the facts and we will debate them.
Mike Levin: “Three points on taxes. I hope the Republicans will listen. The 76 percent for families less than $70,000 is based on 5…”
On the recordJune 25, 1997
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govinfo.govEditor's note · Context
Discussing tax policy and budget implications during a congressional debate.
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