[Congressional Record Volume 141, Number 62 (Tuesday, April 4, 1995)]
[House]
[Page H4118]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


 FIFTY-THREE PERCENT OF THE REPUBLICAN TAX BREAKS IN 10 YEARS BENEFIT 
                    BIG BUSINESS, CORPORATE AMERICA

  (Mr. VENTO asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. VENTO. Mr. Speaker, who gets the benefits in the tax bill? Well, 
in 10 years 53 percent of the benefit goes to big business and 
corporate America. The Republicans under the guise of rhetoric say its 
for the American family, the working family, in 10 years over half of 
benefits are going back to corporate America. This constitutes the 
shift of tax liability.
  Thirty years ago corporations paid nearly 25 percent of the total tax 
bill in this country. Today they pay less than half that amount. And 
with this Republican bill, with the next $638 million in tax breaks 
over 10 years, will provide big business with 53 percent more of the 
tax cuts in H.R. 1215, the GOP tax bill. The tax bill before the House 
this week will shift the taxes to the middle income and poorest 
families in America. This is why people are angry. That is why they are 
mad as hell and are not going to take it anymore. And under the 
rhetoric to protect families the GOP, have been force feeding 
legislation through this session which takes away the ability of 
working families to help themselves and to get benefits when they are 
down and out and transferring tax breaks to the big corporations. And, 
to top it off, the lions share of the individual tax breaks go to the 
wealthy.
  Who is responsible for Rupert Murdoch last week? I do not know, 
candidly. But I can tell you who is responsible for what is happening 
this week, and that is the radical Republican majority in this House.


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