Jack Kingston: “The Chair is an intelligent man and he has seen the Pelosi-Gephardt plan. There is not one. Has the gentleman seen one…”

“The Chair is an intelligent man and he has seen the Pelosi-Gephardt plan. There is not one. Has the gentleman seen one from the other body? There is not one. What do we have? Nine Democrats, I had not read the paper in a week, might be up to 10 or 12, nine Democrats are running for President of the United States; and I have not seen one of them introduce a plan, and I believe at least two of those candidates are Members of this body. It is good that they are running for President because it gives more competition, and more competition is good for the political process, like anything else; but while you are a Member of this body, should you not be introducing your own jobs tax relief plan, growth plan? We do not see it and you would think if there are any Democrats who are going to offer a plan, it would certainly be the ones who are running for President; but we have not seen it. Another thing that is in this plan that I think will help the economy is what the gentleman from California (Mr. Thomas) calls a 515 plan and that is reducing the tax rate and the capital gains rate on dividends and capital gains: if you are in the 10 percent bracket, down to five; if you are in the 20 percent bracket, down to 15. Again, I think it is real common sense that why would you reduce the capital gains tax.…”