[Congressional Record Volume 141, Number 82 (Wednesday, May 17, 1995)]
[House]
[Page H5090]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




       A BUDGET-BUSTING TAX GIVEAWAY PAID FOR BY OUR GRANDMOTHERS

  (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 budget has it backward. They 
propose cutting Social Security and Medicare benefits by over $2,500 
per recipient through the year 2002 to pay for tax breaks to the 
privileged few. This means your grandmother's Social Security and 
Medicare benefits will shrink substantially. Her nursing home expenses 
will rise if she can even get in.
  However, the money saved from these harsh cuts will not go to balance 
the budget. The money will go to pay for tax breaks to the wealthiest 
among us: The American billionaires who move to the Caribbean and take 
their money with them to escape paying taxes here; or the families 
earning $200,000 a year, who will be bestowed a $500 tax credit; or the 
foreign corporations who do business in this country and earn millions 
but do not pay a dime in taxes.
  If the Republicans were serious, they would not balance the budget on 
the backs of our seniors to pander to the rich and powerful who can pay 
for lobbyists in this town. If the Republicans were serious, they would 
not have a budget-busting $360 billion tax giveaway paid for by our 
grandmothers.


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