On the recordMay 22, 2003
Mr. Speaker, this bill is a fraud. It will do devastating harm to this country. It is an embarrassment that the Republican leadership brings it up, and it should be defeated. Mr. Speaker, point number one. This bill is grossly unfair. My Republican friends, it is not the millionaires and billionaires who are struggling. It is the middle class. It is working families who are struggling. Yet your bill gives $93,000 a year in tax breaks to the millionaires, but 36 percent of the American people get nothing, and 53 percent of the households would receive a tax cut of under $100. So the people who need the help get nothing; the millionaires get the lion's share. Number two. When you give hundreds of billions of dollars in tax breaks, you endanger the middle class. This will lead to drastic cutbacks in education, in Medicare, in Medicaid, in Head Start, in the programs that working families depend upon. Shame. Cutting back on education and Head Start to give tax breaks to billionaires. Number three. What a legacy to leave to our children and grandchildren. The national debt now is almost $6 trillion, huge debt payments every single year. Your tax breaks for the rich will drive the national debt up by several trillion dollars. What a gift to give to our grandchildren.
Source
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