On the recordJuly 18, 2000
we are considering another tax cutting scheme aimed at benefiting only the wealthiest Americans and does little to help the working families in my district. The scheme we are looking at now will benefit 5 percent of the wealthiest Americans with 60 percent of the tax cuts. The Republican plan is fiscally irresponsible that could lead to higher interest rates and force huge deficits or tax increases on our children and our grandchildren. Everybody wants a tax cut. I would like to see it particularly around April 15. The difference between the two parties is Democrats, we want to save the money enough to build our national defense, save Social Security, modernize Medicare, and pay down the national debt instead of ignoring these issues until they become a crisis, giving a tax cut now and make it a crisis later. I met with so many of my constituents in the last few months, and they recognize our number one priority is to safeguard our own country, protect Social Security, and provide for prescription drugs for our seniors. The failure to address these issues today will make them be paid for tomorrow. As Democrats, we want to make sure we do that and still have the tax cut.
Source
govinfo.gov




