[Congressional Record Volume 141, Number 59 (Thursday, March 30, 1995)]
[House]
[Pages H3980-H3981]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                        TAX CUTS FOR THE WEALTHY

  (Mr. VOLKMER asked and was given permission to address the House for 
1 minute.)
  Mr. VOLKMER. Mr. Speaker, Members of the House, and to those out 
there listening, I say stay tuned, America. The Gingrich Republicans 
are at it again.
  Today we are going to take up the health care provision deductibility 
for the self-employed. They are going to get a 30-percent deduction, 
not a 100-percent deduction, those middle-income farmers and business 
people, not 100 percent. You are going to get a 30-percent deduction.
  And that bill though does take care of the wealthy, the billionaires 
and the millionaires, by saying that we are not going to require them 
to pay taxes when they no longer retain their citizenship, when they 
renounce their citizenship, and so they are going to be able to save 
those billions of dollars in taxes, but we are not going to help the 
middle-income.
  Next week we are going to take care of tax cuts for the wealthy, and 
we are 
[[Page H3981]] almost going to give nothing to the middle-income and 
lower-income.
  I would like to show you this chart right here. If you make under 
$30,000, you are going to get $10 a month. If you make over $200,000, 
you are going to get, listen to this, folks, listen very closely, over 
$500 a month back.

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