[Congressional Record Volume 141, Number 98 (Thursday, June 15, 1995)]
[House]
[Page H5990]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                              {time}  1100
            TRANSFERRING WEALTH FROM MIDDLE CLASS TO WEALTHY

  (Mr. MILLER of California asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. MILLER of California. Mr. Speaker, the concern with the cuts in 
the Medicare that are promised in the Republican budget that is now in 
the conference committee is that the simple fact is they are reaching 
into the Medicare system to make changes to slow the growth. They are 
using those changes and those savings that result from that to fund the 
tax cuts, half of which will go to the wealthiest people in this 
Nation.
  Yesterday the Republican conference of House Members met and they 
reconfirmed their commitment to that tax cut. All that can tell us is 
they are willing to put at risk the health care of the senior citizens 
that are on that Medicare system today. For those families who are 
concerned about their own health care and the health care of their 
parents, it simply means that that system will not be shored up. But 
among the wealthiest people in this country, the savings from Medicare 
will be taken away from those people and transferred to those wealthy, 
just as they are taking away the earned income tax credit for low-
income people who go to work but cannot get above the poverty line. 
They are going to reduce the earned income tax credit and give that to 
the wealthiest people.
  This is the largest transfer of income and wealth from middle class 
to the wealthy in the history of this country, and it ought to be 
repudiated on Medicare and earned income tax credit.

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