I would like to go back to about an hour ago on the floor of the House of Representatives when the minority leader presented a motion to recommit with respect to the tax cut package which went through. He stated specifically and had a placard, a board which showed that this bill does four things and that is all he spoke to. He says it substitutes $95,000 for the threshold level for the family tax credit. The retirement changes are lowered only for Members of Congress. It closes a loophole of renouncing American citizenship and avoiding taxes. It includes the Browder-Castle language with respect to thresholds that would have to be met and other matters pertaining to being able to balance our budget. Quite frankly, that was a very attractive package to me as I listened to him and it gave me a great deal of pause as to whether or not I should go ahead and support that because this does encompass some of the things that had concerned me in this bill, as it went along. He mentioned one thing at that point that caught my attention, though. He says this is 16 pages. At some point in the middle of that he said that. We got a copy of this and have checked it out since that time. I think to establish the Record, we need to show here, Mr. Speaker, exactly what else was in that 16 pages that was not mentioned by Mr. Gephardt here tonight. The provisions which he filed in the 16 pages eliminate the tax credit to reduce the marriage penalty.
On the recordApril 5, 1995
Source
govinfo.govEditor's note · Context
Discussing a tax cut package and its implications during House floor debate.
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