Frank Pallone: “Democrats have argued in favor of tax cuts primarily for the middle class while Republicans seem intent on large tax…”

“Democrats have argued in favor of tax cuts primarily for the middle class while Republicans seem intent on large tax breaks for their wealthy friends. A recent Treasury Department report indicated that in the last year of the Republican budget proposal, affluent Americans would be the primary beneficiaries of the tax cuts. Over half of the tax cuts would benefit those making nearly a quarter of a million dollars and more. President Clinton's and other Democratic proposals seek to give more back to the middle class. Our tax proposals provide more money for education expenses and for working families. Mr. Speaker, the budget negotiators must move to lighten the burden on low- and middle-income families if they are to gain the President's approval and not break the promises that were made to working families as part of this budget deal.”