At the White House, of course, we are very excited and enthusiastic about the possibility of completing the budget, which we may expect to see on the floor tomorrow, and then subsequently to move forward and talk about the reduction in taxes that we have available for the American people within that some $1.3 trillion over the next 10 years. As I approached that discussion, I looked at all the things that we are trying to accomplish in tax reduction, and the fact of the matter is we have so much to do and so little room within $1.3 trillion to accomplish it all. Certainly we want to set some things right, end the marriage penalty and the death taxes; reduce rates across the board on all taxpayers who are overtaxed. I was acutely aware that one of my personal objectives, my second highest priority for what I would expect to be in that package, is this exact bill.
Richard K. Armey: “At the White House, of course, we are very excited and enthusiastic about the possibility of completing the budget…”
Editor's note · Context
Discussing the budget and tax reduction plans during a House floor speech.
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