[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]



[[Page H5987]]

                            A FLAWED PICTURE

  (Mr. FARR asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. FARR. Mr. Speaker, what is wrong with this picture:
  The Republicans want to protect interest income of the wealthy. The 
Democrats want to protect interest payments on students loans.
  The Republicans want to provide tax cuts for millionaires. The 
Democrats want to provide tax cuts for middle-income families.
  The Republicans want to use spending reductions to pay for tax cuts. 
The Democrats want to use spending reductions to pay for deficit 
reductions.
  What is wrong with this picture, Mr. Speaker, is that under the 
Republican budget, all the money coming out of the system is going into 
the pockets of the rich and powerful, and all the money coming out of 
the system is coming out of the pockets of the middle class.
  I sincerely hope we in Congress can find the right glidepath to a 
balanced budget but if it means the rich get richer while the middle 
class pays for it, count me out.


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