On the recordJune 12, 1996
Mr. Speaker, the conference report before us is little more than a repeat of last year's attack on rational national public policy. Tens of billions of dollars in overspending on defense, raising taxes on working families whose only sin is to make less than $25,000 a year, and a large tax cut on the front end of what is supposed to be a balanced budget glidepath. Think what happened to the Federal budget during the Reagan era. This chart shows the very low, nearly balanced budgets until we get into the 1980's. The 1980's deficits were touched off by an up-front tax cut and promises of future spending cuts, promises which went unkept. The result is $5 trillion of accumulated debt to pass on to our children and to our children's children. When we begin our balanced budget plan with a big tax cut, as this bill does, we invite failure.
Source
govinfo.gov
