Nick Smith said "Gilbert and Sullivan once said in one of their operas ``Things are seldom what they seem.'' We have been talking a lot about the protests, and that maybe the tax cuts are unfairly divided between rich and poor. I think it is important that we remind ourselves what is in this legislation. In this legislation what we are going to be voting on is $100 billion of spending cuts. That is $23 billion out of discarding needless bureaucracy, $24 billion cut in the area of eliminating duplication and waste, $10,900,000,000 cut from foreign aid, $7,500,000,000 attacking corporate welfare, $22 billion in setting empowerment, and an $11 billion spending cut. Also what this bill does, it says none of these tax reductions take effect until we cut an estimated another $400 billion in spending and get on that glide path toward a balanced budget, which is our goal." @ PoliticalQuotes.com

On the recordApril 5, 1995

Gilbert and Sullivan once said in one of their operas ``Things are seldom what they seem.'' We have been talking a lot about the protests, and that maybe the tax cuts are unfairly divided between rich and poor. I think it is important that we remind ourselves what is in this legislation. In this legislation what we are going to be voting on is $100 billion of spending cuts. That is $23 billion out of discarding needless bureaucracy, $24 billion cut in the area of eliminating duplication and waste, $10,900,000,000 cut from foreign aid, $7,500,000,000 attacking corporate welfare, $22 billion in setting empowerment, and an $11 billion spending cut. Also what this bill does, it says none of these tax reductions take effect until we cut an estimated another $400 billion in spending and get on that glide path toward a balanced budget, which is our goal.

Said by

Nick Smith

Republican · Michigan

Source

govinfo.gov

Editor's note · Context

Discussing the implications of proposed tax cuts and spending cuts in legislation.

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