[Congressional Record Volume 141, Number 62 (Tuesday, April 4, 1995)]
[House]
[Page H4112]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                      TAX CUTS AND LOWER DEFICITS

  (Mr. EWING asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. EWING. Mr. Speaker, in response to the last speaker, I think we 
should give credit where credit is due, and that is to Senator Carol 
Moseley-Braun of Illinois.
  Mr. Speaker, tax cuts and lower deficits go hand in hand. Tax cuts of 
1981 resulted in huge increases in Federal revenue. The problem was 
that Government spending rose at an even higher rate.
  Here are the facts: In 1980 our tax revenues were $517 billion, while 
Government spending was $591 billion. In 1994, tax revenues were $1.2 
trillion, but Federal spending was $1.4 trillion.
  In other words, people were not taxed too little, but Washington 
would not stop spending too much.
  Mr. Speaker, if we let people keep more of the money they earn, that 
creates jobs and stimulates investments. That means higher tax revenues 
without a tax increase.
  I support the Tax Fairness Act of 1995.

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