[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]


[[Page H4042]]
                     PROTECTING THE AMERICAN DREAM

  (Mrs. SEASTRAND asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. SEASTRAND. Mr. Speaker, the Democrat defenders of the status quo 
oppose letting families keep more of what they earn. A constituent of 
mine, Ronald Reagan, called that ``economics without a soul.''
  Families should be rewarded rather than penalized by the tax system. 
Breadwinners shouldn't have to work harder for the Government than they 
do for their families.
  Let us look at a few facts. If the exemption for children had kept 
pace with inflation, it would now be worth $8,000 instead of the 
current $2,350. In 1950, the average American family paid $1 out of 
every $50 in taxes. Today, the family pays $1 out of every $4 in taxes.
  We know that regulation and taxation together are antijobs and 
antifamily. This Congress has kept its promise to the American people 
and passed commonsense regulatory reform. Now it is time to recognize 
that taxation is regulation's evil twin. We need to protect the 
American dream, and the American family and pass the tax bill. Families 
know better how to spend their money than the bureaucrats in 
Washington.

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