On the recordMarch 8, 2001
I want a tax cut. And I voted with the majority party twice last year for tax cuts, marriage penalty relief and estate tax relief. This is not and should not be a partisan issue. People on both sides of the aisle want tax cuts. The real question is how do we do this responsibly and how do we deliver to the American people what we should give them. I hear over and over from my friends on the other side of the aisle there is a surplus; what there is, in fact, is a projected surplus. Big difference, big difference, a projected surplus of $5.6 trillion over the next 10 years. Mr. Speaker, just last Monday, the weather projection was 12 inches of snow in Washington, D.C. It did not materialize. Twelve inches of snow did not materialize, and I hope that the projections for the economy for the next 10 years are better than the weather predictions, but we cannot count on that. If we are going to be responsible, I think what we should do is wait to see if some of these projected surpluses actually materialize before we start spending this money. Mr. Speaker, right now we have placed a $5.7 trillion mortgage on the future of our children and grandchildren. I think we have some responsibility to our children, as well as to taxpayers in this country, to balance this out. Yes, if these projections come true, we can and should have significant tax cuts. We can and should significantly pay down our national debt.
Source
govinfo.gov




