Robert Ehrlich said "Does anyone doubt that the capital gains tax cut will increase revenue flowing into the Treasury? Tax cuts work. The Reagan tax cuts of the 80's, the greedy 80's we hear about so much, increased revenue into the Federal Treasury. The problem during that decade was, as we know, spending went out of control, and I see the 1995 quote from a Member of this, of this body, and this is my favorite I have to say. It combines a lot of different themes that we have talked about. The hard fact is that voodoo economics, trickle down economics too, which this package happens to be, referring to the tax package and the Contract With America, is nothing more or less than a raid on the poor, a slap to the rich and a benefit to those who have no need of tax expense, sweat it out the hides of those who have the least." @ PoliticalQuotes.com

On the recordMay 9, 1995

Does anyone doubt that the capital gains tax cut will increase revenue flowing into the Treasury? Tax cuts work. The Reagan tax cuts of the 80's, the greedy 80's we hear about so much, increased revenue into the Federal Treasury. The problem during that decade was, as we know, spending went out of control, and I see the 1995 quote from a Member of this, of this body, and this is my favorite I have to say. It combines a lot of different themes that we have talked about. The hard fact is that voodoo economics, trickle down economics too, which this package happens to be, referring to the tax package and the Contract With America, is nothing more or less than a raid on the poor, a slap to the rich and a benefit to those who have no need of tax expense, sweat it out the hides of those who have the least.

Said by

Robert Ehrlich

Maryland

Source

govinfo.gov

Editor's note · Context

Discussing the impact of capital gains tax cuts and criticizing trickle-down economics.

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