[Congressional Record Volume 141, Number 61 (Monday, April 3, 1995)]
[House]
[Page H4042]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
THERE THEY GO AGAIN
(Mr. SKAGGS asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. SKAGGS. Mr. Speaker, today the Democratic Study Group released it
second report on the real meaning of the Republicans' so-called
contract. The report describes the way the Republican tax bill--the so-
called crown jewel of the contract--will result in an enormous giveaway
to the wealthy and the biggest corporations of this country, while
Republicans give working Americans the back of their hand.
Here is an example of the real meaning of this tax bill. A family
with total income under $75,000 will get an average tax break of about
$36 a month.
On the other hand, for those making over $200,000 a year, the average
tax break will be almost a thousand dollars a month.
Welcome to tax relief, Republican-style: another massive relief
program for the wealthy, a pittance for working Americans, while
exploding the deficit.
Anybody nostalgic for 1981? The last time they tried this, David
Stockman, President Reagan's budget director, later admitted that all
of this was ``a Trojan horse to bring down the top rate for the
wealthy.''
There they go again.
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