Joe Lieberman: “I rise to discuss three provisions of the Revenue Reconciliation Act of 1997. I begin by congratulating my colleagues on…”

“I rise to discuss three provisions of the Revenue Reconciliation Act of 1997. I begin by congratulating my colleagues on the Senate Finance Committee for their efforts on this bill. They have worked hard to craft legislation that is forward looking and sensitive to the needs of our economy, working Americans, and our children. For the next few minutes, I would like to highlight several provisions of the bill that I believe are particularly important to our national economy and my State of Connecticut and are issues that I have supported and worked on over the years. The Revenue Reconciliation Act of 1997 is a timely piece of tax legislation. It comes at a moment when our economy is in the midst of a transition to one that is more global and outward looking, more competitive, and more innovative. American companies and workers, whether they are in manufacturing, high-technology, or service industries, are more dependent on the world economy than ever before. Today in this new global economy, more Americans are taking part in employee ownership programs than ever before.”