On the recordApril 5, 1995
the Republican tax bill is the wrong thing to do--it gives a huge tax break to the wealthy, and little or nothing to Americans who need it most. It is the same old Republican menu, the one that makes most of us eat baloney, but guarantees filet mignon to the country club. The Republican bill robs poor people and hands the money to the rich. They claim that the rich will invest the money and give fine jobs to the poor, but there's not an honest economist in the land who believes this will happen. They claim that their bill won't make the deficit worse, but they refuse to make the tax cuts contingent on actually producing a lower deficit. The Republican bill is flatly irresponsible from a fiscal point of view, unfair in its approach and unwise in its details. There are more than a hundred Republicans who signed a letter urging that the family tax credit be modified, in recognition that families earning more than $95,000 a year don't need a gift from the Treasury. But no, this change wasn't allowed, and those common-sense Republicans have been told to swallow their doubts and vote with the radicals.
Source
govinfo.gov




