[Congressional Record Volume 141, Number 107 (Wednesday, June 28, 1995)]
[House]
[Pages H6400-H6401]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           ALLOWING FAMILIES TO KEEP MORE OF THEIR OWN MONEY

  (Mr. KNOLLENBERG asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. KNOLLENBERG. Mr. Speaker, Republicans in Congress are keeping our 
promises to the American people. Our budget resolution eliminates the 
deficit, saves Medicare from bankruptcy, and lowers taxes on working 
families.
  Contrary to the rhetoric emanating from the other side of the isle, 
our tax relief package will not bust the budget. Our tax cuts represent 
only 2 percent of the $12.1 trillion in Federal spending over the next 
7 years, and are fully paid for.
  Furthermore, we prove our commitment to balancing the budget, by 
delaying the implementation of our tax cuts until CBO certifies we have 
produced a plan that eliminates the deficit by 2002.

[[Page H6401]]

  Our fiscal house is in chaos because the Government spends to much 
money--not because it taxes too little. Lowering taxes will help 
families get ahead, stimulate the economy, and
 create new jobs and businesses.

  Mr. Speaker, as we work to eliminate the deficit and reduce the size 
and scope of the Federal Government, we should also allow families and 
businesses to keep more of what they earn.

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