Mr. Speaker, we are going to leave here and go home and participate in Memorial Day celebrations all across the country honoring those who have made our country free, who have stood down the challenge of fascism in World War II, stood down the challenge of Communism by prevailing in the Cold War. What I had hoped my contribution to the future of this country would be would be not in the national security area, they have already done such an excellent job there, but in terms of promoting the fiscal health of this country, leaving us more financially secure for our children than we ourselves have in this country with the passage of the bill the majority has brought forward. I now deeply regret that that will not be possible. We will not pay off the national debt to the fullest dimensions possible. We will not fully be in a situation to preserve the Social Security and Medicare trust funds. Three quick points of analysis on this bill. Is it fair? The top 1 percent gets 37 percent of the break. The bottom 60 percent get a mere 15 percent. That is not fair. It is not fair in any way, shape or form. Does this bill make sense? This is the phase-ins and phase-outs of this bill. This bill is a matter of here today, gone tomorrow. It is the most screwed up bill we have ever seen in terms of bringing taxes in and phasing them out.
On the recordMay 25, 2001
Source
govinfo.govEditor's note · Context
Addressing concerns about a bill's impact on fiscal health and fairness during a Memorial Day speech.
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