this Congress has worked hard to balance the budget, reduce taxes on American families, and we passed the first balanced budget since 1969. We gave American families their first tax cut in 16 years. But while we have made some progress, let us face it, taxes are still too high, and the Federal Government still spends too much. This past weekend my legislative director Kevin Fitzpatrick and his wife Pam became the proud parents of a new baby girl, Elizabeth Ann Fitzpatrick. I have been honored to be asked to be the child's godfather. I am really proud of that. I know Elizabeth is very happy to be the newest member of the Fitzpatrick family, joining brother Spike and sister Katie. But when she learns over her lifetime she is going to have to pay almost $200,000 in taxes just to pay the interest on our national debt, then she is going to be justifiably upset. Mr. Speaker, children like Elizabeth should not be faced with this burdensome debt from the day they are born. Now that we are close to balancing the budget, this Congress should work to reduce our national debt so little kids like Elizabeth are not going to have to pay these huge amounts in taxes over their lifetime. Let's reduce taxes on our people.
Steve Chabot: “this Congress has worked hard to balance the budget, reduce taxes on American families, and we passed the first balanced…”
Editor's note · Context
Discussing budget balancing, tax cuts, and the implications of national debt for future generations.
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