Political Quotes

On the recordJuly 31, 1997
several days ago I had the opportunity to participate in a news conference at the White House, and it was a true love-in, it was a true commitment that we are going to balance the budget, and it is historic. We are on track toward a first balanced budget since 1996. We are on pace toward our first tax cut that we have really had since 1981. A couple of years ago, how many of us in this Chamber could have predicted such far-reaching and much needed reform? As a former college president, I am proud of the commitment that we have made on education, a $1,500 tax credit for college, $2,500 tax deductions for interest paid on college loans and $500 tax free contributions into education IRA's. And it is a pro-family reform as well, $500 per child credit, approximately doubling the tax exemption on real estate for both individuals and couples. Let us keep the budget process moving, let us cast a ``yes'' vote, and let us balance the budget once and for all for all Americans.
Said by
Bob Clement
Tennessee

Editor's note · Context

Discussing budget balancing and tax reforms during a speech in Congress.

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