On the recordSeptember 26, 1992
You know, what a great rally. My heavens. Now, Governor Clinton says he's seen the light. In this campaign, he's come right out--in the beginning; this is before he gets through-- and he said he wants $150 billion in new taxes. But don't worry, he says, all the money will come from the rich, all those people who drive Jaguars and eat that quiche and drink that champagne, all those who inherit their money. And we've heard that song before. Jimmy Carter sang it. Walter Mondale sang it. Michael Dukakis sang it. They're going after the rich, but the middle class always gets up singing the blues. Big Government gets the gold, and you get the shaft. We do not need to raise taxes in this country. Now, listen to this. Governor Clinton says he'll raise it, he'll raise the $150 billion by taxing the top 2 percent of Americans, all those people who make over $200,000. But whoops, that's not the top 2 percent. The Treasury Department says the top 2 percent of Americans begins with individuals with incomes taxable of $64,800. But there's not enough money at that level. So to get the full $150 billion, Bill Clinton would have to tax individuals at $36,600 a year. I do not think these people are spending their time on the Riviera. They are the hard-working men and women and families in the United States. We must not let him raise their taxes. But it gets worse. I hate to ruin this beautiful day. It gets worse. Governor Clinton has made a lot of promises in this campaign. He's already called for Government spending increases of at least $220 billion. Newsweek magazine says the real cost is arguably at least 3 times that high. Now the liberal Congress is salivating, waiting to pass all these new programs. But where will he get the money? Where will Governor Clinton get the money? Listen to the folks who know Bill Clinton best. The Pine Bluff Commercial, a newspaper in Arkansas, I quote: ``If Congress followed the example that Bill Clinton has set as Governor of Arkansas, it would pass a tax program that would hit the middle class the hardest.'' That is the big secret of this campaign. To capture all the revenue that he wants to raise, to pay for all these promises, Bill Clinton will have to go after the middle class. I am not going to let him do that, and neither are you. Audience members. Hit him again, hit him again, harder, harder! Hit him again, hit him again, harder, harder!
Source
govinfo.gov




