On the recordJuly 31, 1997
I am going to vote for this tax bill for a couple of reasons. First of all, I want to thank the gentleman from New York [Mr. Rangel] and the President for making the child tax credit refundable. Somebody making down to $18,000 a year is not on welfare. They should share in this tax cut. Second of all, the education investment is probably the most important investment vehicle that we have in this tax bill to move the economy forward. With respect to the capital gains proposal, the final proposal actually, I think, is far better than we started because it addresses holding periods. I think that is much more efficient economically. It allows us to not reward churning of accounts but to reward long-term investments that are more productive. Overall it is a good bill. Let us just hope that it works.
Source
govinfo.gov
