A well-known news magazine this week called tax cuts a ``giveaway.'' That illustrates precisely the liberal mind-set of some in the media and most in this administration. They actually think that the money of hard-working, lawabiding taxpayers belongs to the Government, not to the people who earned it. Tax cuts mean American families will keep more. Liberals in the media and in the administration want the Government to take more and spend more. Americans now are staggering under the heaviest tax burden in history. And the top half of wage earners already pay 95 percent of all income taxes. The real question is: Who knows best how to spend hard-earned dollars--the American people or the Federal Government?
William F. Smith: “A well-known news magazine this week called tax cuts a ``giveaway.'' That illustrates precisely the liberal mind-set of…”
Editor's note · Context
Discussing tax cuts and government spending during a floor speech.
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