I have enjoyed the Senator's remarks immensely, but I conclude by saying that in our colloquy, that the effect of all of this is that you have essentially removed half the earning wages of our working families, no matter where they are. I am reminded here, because it has been brought up several times, of a statement that the President made in a campaign commercial on January 16, 1992, Mr. President. It said, ``I'm Bill Clinton, and I think you deserve a change. That's why I have offered a plan to get the economy moving again, starting with a middle-class tax cut.'' However, 1 month into his Presidency, that promise was dramatically altered. The message in the State of the Union speech that was made by the President on February 17, 1993, said, ``To middle-class Americans who have paid a great deal over the last 12 years and from whom I ask a contribution tonight.'' Mr. President, that contribution turned into a $250 billion tax increase which resulted in every working family paying a lot more money to Washington and having a lot less in their checking account to take care of their own needs.
Paul Coverdell: “I have enjoyed the Senator's remarks immensely, but I conclude by saying that in our colloquy, that the effect of all of…”
Editor's note · Context
Discussing the impact of tax policy on working families during a Senate debate.
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