today in some parts of Maine, unemployment is over 30 percent. Under this plan, 94 percent of the people in my district will get an average tax cut totaling only $52 from the cuts on capital gains and dividends. How will this plan put money in their pockets to spend and consume so we can stimulate the economy? How will this help them get jobs? I spent the last 29 years before I was elected to Congress working in a paper mill. I know what working people need, and this bill will not help the working people at all. I have no problem with tax cuts. I support the marriage penalty relief, estate relief tax, bonus depreciation, additional expensing, and expanding the 10 percent tax bracket; but we have got to choose measures that we can afford, and we have to choose measures that actually stimulate the economy. Let us not run up a greater deficit or put Social Security in danger with a tax cut that even Alan Greenspan thinks will not help the economy.
Editor's note · Context
Discussing the impact of tax cuts on unemployment and the economy in Maine.
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