[Congressional Record Volume 141, Number 21 (Thursday, February 2, 1995)]
[House]
[Page H1077]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


    REPUBLICAN EFFORTS TO HIDE TRUE IMPACT OF CONTRACT TAX POLICIES

  (Mr. DURBIN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DURBIN. Mr. Speaker, each day at the beginning of the session one 
of my Republican colleagues gets up with great piety and reads about 
the Republican contract. I know they are very proud of it, but they do 
not tell us the whole story.
  The Republican Contract on America is a budget buster. Yesterday our 
Joint Tax Committee came up with an estimate of what it will cost the 
Treasury for the Republican tax cut package: a little less than $200 
billion in the first 2 years, but in the following 5 years, over $700 
billion more. For what? For tax cuts for the wealthiest of Americans.
  The Republican contract does not stand up for American families, it 
stands up for the monied interests, the fat cats. At a time when we 
should put the fat cats in America on a diet, the Republican contract 
puts them on the gravy train.

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