Joseph Knollenberg: “yesterday the Republican Party passed the last hurdle in the Contract With America by passing our tax reduction package.…”

“yesterday the Republican Party passed the last hurdle in the Contract With America by passing our tax reduction package. We provide families a $500 per child tax credit, we slash the capital gains tax rate, repeal the Clinton tax increase on Social Security benefits, double an investment deduction for small businesses, provide a tax credit to families who adopt children, and create the American dream savings account to encourage saving. In the last 92 days we kept our word with the American people. We changed Washington and we have worked hard to preserve the American Dream for America's children. The contract is only the first step, however, toward moving power and money out of Washington and returning it to the people. Henry Ford said that, "What's right about America is that although we have a mess of problems, we have great capacity-- intellectual and resources--to do something about them." I am proud to say that this new Congress is changing America and helping to restore its greatness.”