Charles E. Grassley: “Today is Tax Freedom Day--the day when the average American can stop working for the Government and start working for…”

“Today is Tax Freedom Day--the day when the average American can stop working for the Government and start working for themselves and their families. The taxpayer has to work 125 days in 1994 to pay for all those taxes--two days more than last year. Sadly, this is the latest date for Tax Freedom Day since the Carter administration. Fortunately, yesterday the taxpayers finally had a victory. Senator Exon and I were successful in reducing the deficit by $13 billion over the next 5 years. We had to fight the White House, the big spenders, and the Chicken Littles to succeed, but with the support of many grassroots organizations, representing millions of taxpayers, we finally won. While the deficit must be cut more, this is a good victory that we can build on for next year. Unfortunately, there was some very bad news for the taxpayers in the budget bill. The administration has decided that it is not enough to raise our taxes by a record amount. They also want to unleash 5,000 more IRS agents on the American people, without any more specific taxpayer protections.”