On the recordOctober 1, 1998
Americans pay on the average about 40 percent of their total household income in taxes. In 1996, recognizing this, the Republican leadership pushed for a middle class tax cut, despite the President's and most of the Democrats' objections that people who want to pay less taxes are just selfish. Well, we are back at it again, another middle class tax cut. It has already passed the House. Marriage tax relief, ending the marriage tax penalty, relief for farmers and tax relief for the death tax penalty. And what are the Democrats and the President saying? They are saying this is going to adversely affect Social Security. Well, what does the Director of the Congressional Budget Office say? That the tax plan has no effect on Social Security. This is a Democrat chart so the word ``effect'' is misspelled. But then, again, we knew Democrats would be reading this and we wanted to share the information with them so we had to put it in their language. But the fact is, the point is right. The tax cut does not affect Social Security. Just how much is this? In the total budget scheme, Mr. Speaker, of $9.6 trillion, it is barely a slither of a slither of $80 billion in middle class tax relief over a 5-year period of time.
Source
govinfo.gov




