[Congressional Record Volume 141, Number 64 (Thursday, April 6, 1995)]
[House]
[Page H4343]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


   TAX CUT IS A MIDDLE INCOME, WORKING AMERICAN, JOB CREATION PROGRAM

  (Mr. DREIER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DREIER. Mr. Speaker, over the past several weeks through this 
debate on taxes we have been listening to little more than class 
warfare, the ``us versus them'' mentality, pitting one segment of 
society against another. When one looks closely at what we call the 
crown jewel, there should be a realization that those people who are in 
the upper 10 percent of wage earners in this country actually shoulder 
60 percent of the Federal tax burden. We also should recognize that the 
tax cut that is going to take place is much greater for those earning 
between $30,000 and $75,000 a year. It is actually 4.4 percent. Those 
who are earning over $200,000 a year get only a 2.9-percent cut. And 
the $500 per child tax credit, 90 percent of that will be going to 
families with incomes of less than $100,000 a year.
  We need to realize that this is a program for middle income, working 
families, and it has some incentives to create more job opportunities 
for those who are struggling to find greater opportunity. Remember, 4.7 
million Americans are completely taken off the tax rolls because of 
that $500 per child tax credit.

                          ____________________