On the recordJuly 25, 1997
Republicans have manipulated their tax bill to deliver as many tax breaks to the wealthy as possible, a new analysis shows. The Treasury Department this week released an analysis demonstrating that Republican tax breaks for the wealthy explode in cost in the outyears, posing a serious threat to the balanced budget which Republicans pretend to care so much about. The Treasury analysis found that the GOP tax package doubles in cost in the second 10 years to a staggering $790 billion, with nearly three-quarters of the tax cuts going to the wealthy. It is time, Madam Speaker, for Republicans in Congress to come clean with the American people about their priorities and admit that their plan delivers tax relief not to the hard-working middle-income families who deserve it, but to the wealthy contributors who helped them win control of this Congress.
Source
govinfo.gov
