[Congressional Record Volume 140, Number 111 (Thursday, August 11, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: August 11, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
              INCREASED TAXES CONTRIBUTE TO WEAK RECOVERY

  (Mr. RAMSTAD asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. RAMSTAD. Mr. Speaker, we know now from Bob Woodward's recent book 
that President Clinton called his own tax plan a turkey, and on the 
first anniversary of the largest tax increase in American history, this 
bird is coming home to roost.
  With the President's high-tax, high-regulation policies, and now 
inflation in clear view, we face the real possibility of returning to 
the glory years of Jimmy Carter. Remember malaise, 20 percent misery 
indexes, and stagflation? The American people simply cannot afford 
Carter II. But the Clinton recovery looks like back-to-Carter. It is 
the weakest recovery in 50 years, the weakest post World War II 
recovery.
  Mr. Speaker, the Clinton taxes have contributed to the weak recovery 
by taking money out of the pockets of the productive capital investing 
sector of our economy and giving it to the inefficient bureaucrats in 
Washington.
  The lesson is clear: We need to reduce taxes and regulations, and 
realize that job creating growth comes from the private sector, not the 
bloated Federal Government.
  Mr. Speaker, when will they ever learn?

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