[Congressional Record Volume 141, Number 64 (Thursday, April 6, 1995)]
[House]
[Page H4342]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           CONTRACT AND TAXES

  (Mr. KNOLLENBERG asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. KNOLLENBERG. Mr. Speaker, yesterday the Republican Party passed 
the last hurdle in the Contract With America by passing our tax 
reduction package.
  We provide families a $500 per child tax credit, we slash the capital 
gains tax rate, repeal the Clinton tax increase on Social Security 
benefits, double an investment deduction for small businesses, provide 
a tax credit to families who adopt children, and create the American 
dream savings account to encourage saving.
  In the last 92 days we kept our word with the American people. We 
changed Washington and we have worked hard to preserve the American 
Dream for America's children. The contract is only the first step, 
however, toward moving power and money out of Washington and returning 
it to the people. Henry Ford said that, ``What's right about America is 
that although we have a mess of problems, we have great capacity--
intellectual and resources--to do something about them.''
  I am proud to say that this new Congress is changing America and 
helping to restore its greatness.

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