[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]


                          THE TAX FAIRNESS ACT

  (Mr. NORWOOD asked and was given permission to address the House for 
1 minute.)
  Mr. NORWOOD. Mr. Speaker, over and over, we hear the Democrats 
wailing that the capital gains tax cut will benefit the rich. Of 
course, they have obscured the facts again. The capital gains relief in 
the Tax Fairness Act will go to benefit all income groups. Seventy 
percent of the taxpayers benefiting from the capital gains cut will 
have incomes of less than $50,000. The capital gains tax cut will put 
money into the economy which will lead to more investment and create 
more jobs. This will help all hard-working Americans.
  Mr. Speaker, this is a debate over the role of Government. The 
Democrats will fight for more government and more spending; we want the 
people back home to keep more of their hard-earned money. I want that 
roofing contractor in Martinez, GA to have a $500 tax credit for each 
of his children. The Democrats want his $500 for Federal bureaucrats. 
It is just that simple.

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