[Congressional Record Volume 141, Number 65 (Friday, April 7, 1995)]
[Extensions of Remarks]
[Page E840]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


              CONTRACT WITH AMERICA TAX RELIEF ACT OF 1995

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                               speech of

                            HON. RON PACKARD

                             of california

                    in the house of representatives

                        Wednesday, April 5, 1995

       The House in Committee of the Whole House on the State of 
     the Union had under consideration the bill (H.R. 1215) to 
     amend the Internal Revenue Code of 1986 to strengthen the 
     American family and create jobs:

  Mr. PACKARD. Mr. Chairman, every person and business in the United 
States is overtaxed. Whether young or old, a struggling family or an 
affluent family, a small business or a Fortune 500 company, Government 
remains a fiscal burden. The tax reform provisions within our 
Republican Contract with America work to ease this financial load by 
reducing the size of Government, the size of the deficit and the size 
of the American tax bite for all people.
  Our tax bill represents a historic piece of legislation. It cuts 
taxes, pays for each dollar of those tax cuts with a dollar in spending 
cuts, and substantially lowers the deficit by $91 billion--all at the 
same time. Simply put, this bill gives the American people back the 
money that rightfully belongs to them.
  Our tax plan embraces the notion that economic growth is economic 
justice. It promotes savings and investment by getting Government out 
of the way of the American economy. The fiscal incentives in our tax 
bill encourage Americans to save more and to invest more. That means 
more jobs, greater productivity, higher paying jobs and, most 
importantly, a brighter economic future for our children and 
grandchildren.
  Our tax relief bill represents another Republican effort to cut 
Government down to size. It is a crucial step on the long road toward 
restoring our Government's fiscal sanity. Mr. Chairman, Republicans 
continue to do exactly what they set out to do--make Government 
smaller, less costly and more efficient.


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