William C. Baker: “The reason we need capital gains tax relief, the reason we need alternative minimum tax relief, the reason we need the…”

“The reason we need capital gains tax relief, the reason we need alternative minimum tax relief, the reason we need the IRA tax relief is because you do not have the courage to cut $213 billion from this budget. Last year we had a 1-percent cut in the budget. The Democratic side of the aisle cheered when it was defeated by 1 percent by seven votes. You cheered when the Penny-Kasich bipartisan cut was defeated. This year we had a $17 billion rescission program. That is 8 percent of the budget deficit this year. You could not make the trip. You gave us the rhetoric about the children and hurting the elderly and the same argument you are hearing today. I will tell you why we are doing it. Because we are going to grow the economy. The only way to balance this budget is to increase the economy as well as hold down the growth rate in Government spending. We are going to do them both. This is the first step in the road of 1,000 miles to save our grandchildren. That child that was born here today in 1995 will spend $187,000 on interest on the national debt during his lifetime. Please vote aye and save America.”