On the recordJune 26, 1997
It seems to me that this Republican tax bill ought to be judged by two standards. One is fairness and the other is fiscal responsibility. We have talked a fair bit about fairness. This bill provides 41 percent of its benefits to the top 1 percent of the taxpayers, those whose household incomes are over $240,000 a year. In contrast, 20 percent of those in lower tax brackets would not receive any benefit. It is simply not fair. Also, in terms of fiscal responsibility, we look out at the second 10 years, and we are going to be giving up $500 to $600 million in tax revenues that is not going to help a balanced budget. We need a balanced budget that we can get to and stay with, and these tax cuts explode in the outyears, they are not fiscally responsible, and they ought to be rejected for that reason as well.
Source
govinfo.gov
