during the course of the next 24 to 48 hours there will be an extensive debate on the floor of this House of Representatives about a tax cut bill. Talk about a politician's dream, to stand up in front of the American people and say, ``Guess what? I've got a tax cut for you.'' Mr. Speaker, people applauded. They say, ``You're the greatest elected official in the world. How can you be so generous and so kind?'' Well, there will be some of us who will be questioning this tax cut, and you say, ``Wait a minute. Why would any politician in his right mind question the idea of a tax cut? Don't you want to promise people you're going to cut their taxes?'' Well, of course we do, and there are a lot of deserving people in America who should have their taxes cut, but unfortunately the Gingrich Republican tax cut bill is not a fair bill for this country. First let me tell you this: This year we have a $190 billion deficit, $190 billion more that we will spend than we take in. This tax cut proposed by the Gingrich Republicans is going to add about another $190 billion more to the national debt over the next 5 years, and, over 10 years, $630 billion more to the national debt. Why are we doing this at a time when we are cutting school lunches and other programs because of deficits? Why would the Gingrich Republicans want to give tax cuts away and add to the deficit, require us to cut even deeper into spending for education and for school lunches? Well, let me tell you why.…
Editor's note · Context
Addressing concerns about a proposed tax cut bill during a House debate.
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