[Congressional Record Volume 141, Number 63 (Wednesday, April 5, 1995)]
[House]
[Page H4191]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


             THE TAX BILL WILL STRENGTHEN AMERICAN FAMILIES

  (Mr. FOX of Pennsylvania asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. FOX of Pennsylvania. Mr. Speaker, the fact of the matter is that 
American people are going to have with this Contract With America 
$180,000,000,000 in deficit reduction, $190,000,000,000 in spending 
cuts, and Mr. Speaker, the tax reduction bill is the third part that 
the American people are waiting for.
  The Republican majority is offering a $500-per-child tax credit. We 
believe one of the most important things Government can do for American 
families is to take less of their earnings. Republicans recognize the 
profoundly positive impact stronger families can have on our Nation.
  We believe the basic family unit can be stronger if it is able to 
keep more of its own earnings and make its own decisions about how 
those earnings should be spent.
  We also respect the contributions of our senior citizens and their 
right to continue being a productive partner in building a better 
America. That is why this week Republicans will remove the tax burden 
placed on Social Security earnings last year by the Democrats.
  Finally, Americans believe in the future. We know America's future 
depends on America's being able to save more and invest more in new 
jobs and new productivity. That is why we will reduce the capital gains 
tax cut, which will help all Americans.
  Seventy-five percent of the tax cuts will benefit those with incomes 
less than $100,000. Please vote for the bill.

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