Willie Hefner: “I have heard many times here today and on television in the last few days that the President raised taxes, the biggest…”

“I have heard many times here today and on television in the last few days that the President raised taxes, the biggest taxes raised in history. That is not true, but we will not debate that at this time. Every Member in this body had more people getting a tax cut under the President's 1993 package than had an increase. In the 8th District of North Carolina, 1,100 people had a tax increase and 54,000 people had a tax cut because of the EITC, the Earned Income Tax Credit, which the majority is going to do away with in this budget. They are going to practically do away with that. If a taxpayer makes $20,000 a year and does not have any children, they will not get any tax relief. So much for the middle income folks. Let me tell Members this. Here is what we have done, and I am speaking about 'we' because we are all Americans. Since President Clinton has been President, we have created 8 million new jobs. People say the President created those jobs, but they were created in the United States of America. We have lowered interest rates and produced the lowest combined rate of unemployment since 1968.”