[Congressional Record Volume 141, Number 63 (Wednesday, April 5, 1995)]
[House]
[Page H4183]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                 THIS TAX BILL IS A CRUEL DREAM MACHINE

  (Ms. KAPTUR asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. KAPTUR. Mr. Speaker, the Republican contract calls parts of 
today's tax bill the American dream. Well, I, too, have an American 
dream. My dream is that we pay off the debts of this century and not 
pass on $4.7 trillion of debt to the next generation. This Republican 
bill will cost our taxpayers up to $700 billion over the next 10 years. 
Under the Republican bill it is absolutely wrong that households 
earning $200,000 would receive an average tax cut of over $11,000 while 
those under $30,000 receive a hundred bucks. In fact, working families 
with two children with incomes of up to $16,000 would not get anything, 
while those with adjusted gross incomes of up to $250,000 would receive 
a $500 per child tax credit.
  This bill is a cruel dream machine. To make matters worse, huge 
corporations would no longer pay even the minimum tax. Vote for what is 
right. Do not wait for the next election. Vote ``no'' on this 
Republican bill.

                          ____________________