Political Quotes

On the recordApril 3, 1995
this week we vote on the most important part of our Contract With America. In the last Congress, the largest tax bill in the history of this country was passed; and, in typical form, it was mislabeled and called a deficit reduction package. Six times, at least six times in our history, we have tried to reduce the deficit by increasing taxes. It did not work any of those six times, and it may not work now. Only a few of those tax increases have kicked in, and we are already beginning to see the deleterious effects of these high taxes. We will be voting this week on our tax relief bill. This tax relief bill will do two things: It will provide some relief from Clinton's tax increases. It will permit our hard-working people to keep more of their own money. And it will reduce the deficit. When you leave money in the private sector, it creates more and better jobs than when it is taken into the public sector. And in spite of a tax decrease rate the increased tax base inevitably will yield greater tax revenues. So this is truly an important part of our deficit reduction plan. Tonight, I would like to spend just a moment looking at what we are going to do for senior citizens. In the Clinton largest-tax-increase-in-history bill, our senior citizens have been limited to earning just $11,200, after which time their Social Security benefits are cut. If a senior citizen has a job earning $5 an hour, for that $5, he gets to keep only $2.20.
Said by
Roscoe Bartlett
Maryland

Editor's note · Context

Discussing the tax relief bill and its implications for the economy and senior citizens.

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