On the recordJune 4, 1998
today I want to urge my colleagues to support the 1999 budget resolution. Building on our success in balancing the budget, this plan outlines the next steps to empower families so that they can keep more of their hard-earned money. By reducing government spending by one penny over 5 years, that is just one-fifth of a penny each year for 5 years out of each dollar, we can improve the quality of life in America in three important ways. First, we can continue to pay down the national debt so that our constituents pay less in interest for loans, and our economy remains strong. Secondly, we can lower taxes so that Americans keep more of their money to support their families or plan for the future. Today our citizens pay nearly 40 percent from their paycheck each month to support the government. I think that is a very unfair tax burden. Third, we can protect and modernize the Social Security system that gives Americans from every generation the peace of mind about their retirement years. The Republican approach is a good approach. I urge my colleagues to support it.
Source
govinfo.gov




