On the recordJanuary 8, 2003
from the time I arrived in Washington, D.C., now fully more than 2 years ago, I pledged myself to my constituents in eastern Indiana to fight to renew the American Dream; that is that dream of every American, whatever their race, whatever their creed, whatever their color, that they might better themselves and better their families so that not only they but their posterity could enjoy more abundance in this country in every way, material and spiritual, as they pursue that dream. It is about renewing and restoring the American Dream, Mr. Speaker, that I was proud today to author and to drop into the hopper the American Dream Tax Relief Act of 2003. I am proud that this bill, filed as it is on the very first legislative day of the 108th Congress, is not only my work but the work of some 33 original cosponsors, including many distinguished leaders of this institution and chairmen of major committees. The American Dream Tax Relief Act, Mr. Speaker, is, quite simply put, an act that would dramatically reduce the taxes on capital gains in this country from their rate, which varies everywhere from 28 percent down to 8 percent, to a single flat capital gains tax rate of 10 percent.
Source
govinfo.gov




