On the recordFebruary 10, 2000
I urge support of it and rise in opposition to this so-called valentine for married couples in America, which is more like a Halloween trick masking yet again another tax break for the high end. I urge my colleagues to vote yes on the alternative and no on the Republican proposal. The timing of this bill is a political stunt for Valentine's Day. It forces Members to vote on a bill without knowing its relationship to the overall budget. The bill is too expensive. Without gimmicks, the true cost would be in excess of $250 billion. It is a flawed attempt to resurrect the failed $800 billion tax cut strategy of last session. The bill will drain projected surpluses that should be used to extend the solvency of the Social Security and Medicare systems, provide a prescription drug benefit to the elderly, a Patients Bill of Rights, education initiatives and an increase in the minimum wage. A family with one child and an income of $50,000 would receive at most $218 in annual tax relief because their taxable income is at the 15% tax rate.
Source
govinfo.gov




