Jon Fox said "The fact is that we would not be having this happy situation of a possible tax decrease if it were not for the fact that an historic balanced budget was adopted by the Republican-led Congress which has led to reduced costs for mortgage interest for the home, reduced costs for car expense loans, and reduced costs for education expenses. That has helped to spur the economy, have helped to increase employment, more people having jobs. The whole economy, we have seen it in the stock market, we have seen it in Wall Street, and we have seen it on Main Street, and that has led to the opportunity for what I believe should be a bipartisan tax decrease and a Social Security system that will be strengthened because of the passage of this bill." @ PoliticalQuotes.com

On the recordOctober 1, 1998

The fact is that we would not be having this happy situation of a possible tax decrease if it were not for the fact that an historic balanced budget was adopted by the Republican-led Congress which has led to reduced costs for mortgage interest for the home, reduced costs for car expense loans, and reduced costs for education expenses. That has helped to spur the economy, have helped to increase employment, more people having jobs. The whole economy, we have seen it in the stock market, we have seen it in Wall Street, and we have seen it on Main Street, and that has led to the opportunity for what I believe should be a bipartisan tax decrease and a Social Security system that will be strengthened because of the passage of this bill.

Said by

Jon Fox

Republican · Pennsylvania

Source

govinfo.gov

Editor's note · Context

Discussing the impact of a balanced budget on tax decreases and the economy.

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