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Mark Neumann: first I would respond to my colleague, the gentleman from Wisconsin [Mr. Kind], and invite him to join us in the…

On the recordJuly 23, 1997
first I would respond to my colleague, the gentleman from Wisconsin [Mr. Kind], and invite him to join us in the National Debt Repayment Act for the good of the future and his young child, because that would force us not only to balance the budget, but after we reach that, pay off the Federal debt, so his child may inherit a nation debt free, and they would not have to make interest payments. But I also rise today to call attention to what is happening in Washington. When we listen to these 1-minutes back and forth, it is so partisan that people are forgetting what good is happening here for America and how much it means to our citizens. We are on the verge of balancing the budget probably by 1999, 2 or 3 years ahead of schedule. Taxes are coming down for the first time in 16 years, the $500-per-child tax credit, capital gains is coming down, the death tax is coming down, college tuition tax credit, all good news for America. Medicare is restored, so our senior citizens can again rest assured Medicare will be there for them in the future. I hear all this hysterical rhetoric about who is rich and who is not, but I can tell the Members this much, the folks I see on Sunday that are sitting there with three kids and the two parents next to them, one off in college and two kids still home, they understand a tax cut means they get to keep $2,500 more of their own money next year.
Said by
Mark Neumann
Wisconsin

Editor's note · Context

Discussing the National Debt Repayment Act and budgetary progress during a floor speech.

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