Political Quotes

On the recordApril 5, 1995
let me start by saying how many thousands there are that would benefit from the tax credit in my district; 85 percent of them would still benefit from it if for the 105 Members on the Republican side who signed the letter saying that we ought to change that tax cut had had the courage to stand by their convictions, but we do not have that choice today. We only have the choice presented of extending a tax break to those in the $200,000 range, and this bill, as the gentleman from Texas [Mr. Stenholm] said, really is about borrowing from all the children in our district in order to pay for this politically motivated tax cut. It is not the American Dream Restoration Act. Its real title is ``Stealing Our Children's Future Act.'' This bill makes the deficit greater in the year 2000 than if we did not do anything. Put another way, if this Congress would just shut the doors and go home, we would be a lot better off as far as the deficit is concerned. The American people know that this deficit reduction program is not satisfied in this bill, that in fact what we have is a deficit- mushrooming bill, and, when they have been asked, whether it is in the field hearings of the Budget Committee around the country or in the polls like the one the Wall Street Journal recently conducted, well over half of them have said, ``Use the money to pay off the debt.'' Less than a fourth have spoken up in favor of tax reduction.…
Said by
Lloyd Doggett
Democratic · Texas

Editor's note · Context

Addressing the implications of a tax bill and its impact on the deficit and future generations.

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