I again want to commend and thank the chairman of the Finance Committee, Senator Roth, for the fine bipartisan manner in which he has led us this year. I look forward to that spirit of bipartisanship continuing today as we work toward the adoption of the tax bill by the full Senate. It is my belief, although it is not much shared just now in Congress or in the White House, that this is no time for tax cuts. Just yesterday, in a report released by Treasury Secretary Rubin, the International Monetary Fund, in its annual review of the U.S. economy, stated that the United States should delay tax cuts 'in order to achieve an earlier reduction in the budget deficit' and strengthen the credibility of the balanced-budget pact between Congress and President Clinton. Were it up to this Senator, we would continue on the deficit reduction course begun in the Omnibus Budget Reconciliation Act of 1993, which has had extraordinary results. The economy is in its best shape in 30 years.
Editor's note · Context
Discussing budget reconciliation and tax cuts during Senate floor debate.
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