On the recordSeptember 17, 1996
Go to schools. It is the kids. I have got three kids, 14, 11 and 8. They all go to school every morning with backpacks. Those now next year, when we go out and buy them with a Clinton, new Clinton-Babbitt tax, those backpacks will cost 5 percent more. But you forgot a couple of interesting things in there because obviously it is clear that Mr. Babbitt believes that government is not taking enough money, and otherwise he would not be proposing it. But remember this is a big number. This is a 5-percent tax. In Michigan our sales tax is 6 percent. You now tack on a 5-percent on top of that so he obviously believes government is not big enough and is not spending too much and he wants a little bit more money. But he also believes that the IRS is not big enough because we are going to have to come up with rules and regulations to implement this. We are going to tax certain camping utensils, but only those that are connected or folding. So, if it does not connect or snap together or fold, you do not pay the tax.
Source
govinfo.gov




