we have heard about the surplus. Over the next 15 years, the Federal Government is projected to run a surplus of $4.4 trillion. As the debate over how to use this money heats up, the protectors of big government will scream bloody murder about any plan to provide the American people with any tax relief. To them I ask: If we cannot cut taxes when the economy is strong, the Federal Government is in the black, and taxes are at an all-time high, when can we do it? Mr. Speaker, the American people are sending too much money to Washington, and it is time for Congress to send some of it back home. I have introduced a fair and simple plan that cuts taxes across the board, 10 percent across the board. It gets into every household of all those who pay taxes. This proposal ends the practice of picking winners and losers among overtaxed Americans and benefits, again, everyone who pays Federal income taxes. I urge my colleagues on both sides of the aisle to support this bill.
Joseph Knollenberg: “we have heard about the surplus. Over the next 15 years, the Federal Government is projected to run a surplus of $4.4…”
Editor's note · Context
Discussing tax relief and government surplus during a floor speech.
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could I inquire about how much time is left on our side? The CHAIRMAN. The gentleman has 7 minutes remaining.
Yes, I most certainly will work with the gentleman from Illinois on this project.
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