in 1993, when President Clinton took over, the deficit was over $250 billion. In 1993, with the President and all the Democrats in the Congress, not one single Republican voted on a deficit reduction plan. Today that deficit is $45 billion. The deficit is indeed coming down. This Congress voted for an $85 billion tax cut. That tax cut goes only to people who are working and who pay taxes. That is the Democratic plan. The question is, who will get those tax cuts? We believe that middle-income Americans ought to get those tax cuts; that they ought to receive deductions for education for their children, that they ought to receive child tax credits. The Democratic plan says that. Do not be confused. The facts are simple. Who should get the tax cuts? Democrats and the President believe those tax cuts ought to go to middle-income people for deductions for their children's education and for child tax credits. Check the facts. Members should know what they have before them. We believe that $5 billion ought to go to hard-working Americans and yes, people must work to get the tax credit.
Carolyn Cheeks Kilpatrick: “in 1993, when President Clinton took over, the deficit was over $250 billion. In 1993, with the President and all the…”
Editor's note · Context
Discussing the reduction of the federal deficit and tax cuts for middle-income Americans.
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