I rise today in strong support of the Kasich budget substitute amendment. My Republican colleagues on the Budget Committee have crafted a budget proposal that contains over 250 real spending cuts and real reforms in how the Federal Government works. These recommendations would reduce the deficit by $152 billion more than the Democrat resolution. In contrast to the Democrat budget, which continues the trend of high taxes, high spending, and high deficits, the Republican budget alternative offers a real choice to the American people. The Democrat budget fails to address the issues of family tax relief, welfare reform, crime reform, health care reform, and job creation incentives. The Kasich budget includes provisions dealing with all these issues, and still achieves more deficit reduction than the Democrat budget. The Kasich budget plan provides a $500 tax credit for each child in a family earning less than $200,000 a year. The 16th Congressional District of Illinois contains 138,310 children. That means that the 16th District would receive $69,155,000 in tax relief. Nationally, 86 percent of the tax credit would go to families with a gross annual income below $75,000 per year. For the taxpayers in the 16th District, and across the Nation, this is well-deserved break. In 1992, while running for President, then-Governor Bill Clinton supported a middle-class tax cut. But as President, Bill Clinton reneged on that promise.
On the recordMarch 11, 1994
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govinfo.govEditor's note · Context
Supporting the Kasich budget substitute amendment during House floor debate.
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