On the recordJanuary 20, 1999
First, I want to talk about tax relief. As we learned last night from the State of the Union--and the Budget Committee hearing in the Senate has recently indicated--not only did last year mark the first time since 1969 that we ran a budget surplus, but it now appears as if we will run budget surpluses for the next 25 years, and potentially beyond. That is great news for our country. I think--I hope, at least--that it will address some of the cynicism that has existed in America towards the U.S. Congress because for so many years, no matter what we were claiming in our campaigns, we would come to the Senate and the House and not get the job done. But we have gotten the job done. Today, Americans are sending sufficient revenues so we have a surplus. That is going to be a very big surplus. In fact, it may be as much as multitrillion dollars of surplus over the next 10, 20, 25 years and beyond.
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