[Congressional Record Volume 141, Number 98 (Thursday, June 15, 1995)]
[House]
[Page H5987]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             THE ESCAPE HATCH REMAINS OPEN FOR TAX DODGERS

  (Ms. DeLAURO asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. DeLAURO. Mr. Speaker, let us talk about the Republican hoax. This 
week House Republicans promised to close the tax loophole that allows 
billionaires to avoid paying taxes by renouncing their U.S. 
citizenship.
  But instead of closing this loophole, the Republicans left the escape 
hatch wide open.
  According to the Treasury Department, this bill has the same problems 
as the current law that allows the super-rich to dodge paying their 
fair share.
  While Republicans find creative ways of protecting tax benefits for 
the privileged few, their budget hits working middle-class families on 
both ends: Cutting student loans and Medicare.
  Republicans love to talk about the revolution they are bringing to 
the House. In fact they are up to politics as usual: Big breaks for the 
privileged few while working middle-class families get stuck with the 
bill.

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