[Congressional Record Volume 140, Number 140 (Friday, September 30, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: September 30, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                         CONTRACT WITH AMERICA

  (Mr. SMITH of Michigan asked and was given permission to extend his 
remarks at this point in the Record.)
  Mr. SMITH of Michigan. Mr. Speaker, we have heard complaints about 
Republicans commitment to lower taxes, less government, and balancing 
the budget of the Federal Government. In particular, Democrats complain 
that Republicans have failed to say how they are going to pay for our 
contract with America. Some liberals, in traditional scare tactics 
style, have suggested that we are going to cut Social Security.
  I just want to point out that last year, and again this year, 
Republicans presented this House their own budget resolution 
stipulating deficit reduction without tax increases, without any cuts 
in Social Security, and specifying exactly where spending cuts should 
occur.
  The contract with America has a total cost of approximately $140 
billion. The $140 billion is tax cuts. The Republican budget proposal 
presented earlier this year included these same tax cuts for middle 
income Americans and still reduced deficit spending by $300 plus 
billion.
  Mr. Speaker, the conservatives in this Chamber believe that it is 
time we get this bloated Federal bureaucracy under control, cut 
spending, and leave more hard-earned dollars in the hands of working 
Americans by reducing taxes.

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