To achieve the goal that is laudatory in the abstract, this President decided to levy the largest tax increase in American history on the people of this country. Again, good people can disagree, and the gentleman does correctly point out, I think, an opportunity for improvement in the plan offered by the new majority. And, indeed, that is why I was pleased to join with 70 mostly newcomers in voting for a budget plan offered by my friend from Wisconsin that would have balanced this budget in 5 years and paid off the debt in 30, because I believe we owe future generations that much. The point is, and this perhaps is a difference of philosophy that may exist among us here, I do not believe we solve anything, I do not believe we are more and more responsible by adding more burden to the hard working people of America; indeed, the same people that this President said he wanted to offer tax relief as a candidate in 1992.
NAN A. S. HAYWORTH: “To achieve the goal that is laudatory in the abstract, this President decided to levy the largest tax increase in…”
Editor's note · Context
Discussing tax policy and budget plans during a floor speech.
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