[Congressional Record Volume 141, Number 62 (Tuesday, April 4, 1995)]
[House]
[Page H4114]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




      TRADING TOMORROW'S CAPS AND GOWNS FOR TODAY'S CAPITAL GAINS

  (Mr. MASCARA asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. MASCARA. Mr. Speaker, my friends on the other side of the aisle 
have decided to pitch caps and gowns for capital gains.
  They have decided it is more important to grant a 50-percent capital 
gains tax cut to the wealthy rather than giving today's young adults a 
chance to build a better tomorrow.
  Where I come from, high school students used to be able to count on a 
good-paying job in the mines or steelmills.
  No more. Now their brighter tomorrows are dependent on high-
technology industries. And if they want a chance to even get in the 
front door, a college degree is a must.
  The $20 billion cut in student loan and grant programs proposed by 
the Republicans would close that door and end any chance many hard-
working, middle-class families have of sending their children to 
college.
  It is a poor tradeoff and wrong in my book.
  Republicans do not seem to understand if you block the path to a 
college diploma today, there will be no new source of capital gains 
tomorrow.


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