On the recordJuly 25, 2001
historians and political scientists will find this a very interesting morning debate in the Senate. Over the next few months, they ought to take a look at what primarily Republican politicians and the President are saying and mark it as a special part of American history because the American people really have been lobbied by the President and by his supporters to support a tax cut. They have been lobbied to support a tax cut. This morning we have had an array of Republican Senators coming to the floor to explain why a tax cut is a good thing. Think about it. The average person in Illinois would think a $300 check for a person or a $600 check for a family is obviously a good thing. That is going to help pay for school expenses, as the Senator from Pennsylvania said. It is going to be around if you need it for whatever the cause--paying off last winter's heating bill or taking care of some expenses around the house. These are real things that families face, and $300 from the Government or $600 from the Government, of course, is a good thing. But, of course, the reason the Republicans are spending so much time trying to convince us it is a good thing is because there is some doubt as to whether, on a long-term basis, the President's tax cut is really the right thing for America. Do we need an economic stimulus right now? You bet we do. This economy apparently is continuing to go down. Yesterday the stock market took quite a hit. I hope it recovers soon.
Source
govinfo.gov




