On the recordApril 20, 1999
Last month's trade deficit hit another record, $20 billion. One month, $20 billion. If it keeps up, $240 billion a year, a quarter of a trillion dollars. Japan and China are now taking $10 billion a month out of our economy. Beam me up. It is not going to stop because of our current Tax Code that rewards imports. I say it is time to throw out income taxes, throw out the IRS, and pass the national retail sales tax program. It will reward our exports. Let us tell it like it is. Our Tax Code stinks so bad, if we sprayed it with Chanel No. 5, it would still smell like the Environmental Protection Agency. I yield back 400,000 jobs lost last month due to our trade deficit.
Source
govinfo.gov
