An extraordinary achievement for our children and our families, because our interest rates are staying low, our unemployment rate is staying low. We are not only able to absorb all of the immigrants who are coming into this country, but we have in parts of my district at least 2 percent under what was considered full employment. We are at 2 percent in some of the counties of my district on an unemployment rate. The consequences of this control of the deficit are huge in terms of interest rates and keeping the employment rates up and the unemployment rate down. But the tax cuts are important, because it will give the maximum flexibility to the individuals. Those of us who are concerned about the growth of the power of government, the best thing we can do is give $500 per child to each family for each child, because what that will do is let parents make the decisions they need to make for their children. By giving the capital gains changes, people can invest in their homes, and senior citizens can sell off their homes for their retirement income. By having education IRAs, by having family farms be able to be preserved in the families and small businesses be able to be preserved in the families, those are huge steps toward social stability in this country, and toward the moral fabric and restrengthening in this country.
Mark Souder: “An extraordinary achievement for our children and our families, because our interest rates are staying low, our…”
On the recordOctober 6, 1997
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govinfo.govEditor's note · Context
Discussing the impact of tax cuts and economic conditions on families and social stability.
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