the memories of my Republican colleagues are very convenient. They have forgotten the last time we had a Republican tax cut in this body. That multiplied the national debt by better than 4.5 times, from about $700 billion to $4.5 trillion. They have forgotten most of that went to the rich, not to the poor, and not to the middle class. They have also forgotten that six million jobs were created by the Clinton budget; that that budget cut the national deficit by $700 billion. They have also ignored the fact it gave a tax cut in the President's budget to those who had need. Somewhere in between 16 million and 20 million Americans were removed from the tax rolls and were given tax reductions in each and every Congressional District, including their own, by that particular tax package. There memories are most convenient on these matters. The hard fact is that Voodoo Economics, Trickle-Down Economics II, which this tax package happens to be, is nothing more or less than a raid on the poor, a sop to the rich, and a benefit to those who have no need of tax expense, sweated out of the hides of those who have the least. It is a cut in school lunch programs, education, and every other program that has meaning, not only to this generation, to the young people of this country, but the young people of the future. I urge the rejection of this rotten Republican tax package.
On the recordApril 5, 1995
Source
govinfo.govEditor's note · Context
Opposing a Republican tax package during a House floor debate.
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