Political Quotes

On the recordMay 5, 1994
Mr. Speaker, has anybody thought about the uniqueness of today? Today is Tax Fairness Day, and it is the day that we are going to vote on a budget that is the highest in this Nation's history. Tax Fairness Day, by the way, is how many days it takes to work every day, taking that money and paying it for taxes at the local, State and national level. Mr. Speaker, I find it interesting that our taxes now, to an average American paying taxes, consumes 41 percent out of every dollar he makes. It is interesting that this budget, if we pass it, goes from $4.5 trillion, a 40 percent increase, to $6.3 trillion. Mr. Speaker, if we do not want to borrow more money to put our kids at risk and our grandkids at risk by mortgaging their future, if we do not want to raise taxes more than what it already is, 41 percent of our income, what is left? What is left is to cut spending. This budget does not do it. Mr. Speaker, colleagues, let us vote this down.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Addressing the budget and its implications for taxes and spending during a House floor debate.

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