[Congressional Record Volume 141, Number 153 (Thursday, September 28, 1995)]
[House]
[Pages H9596-H9597]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          HIGHER TAXES, MORE GOVERN- MENT, AND MORE REGULATION

  (Mr. WHITFIELD asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. WHITFIELD. Mr. Speaker, over the past 40 years the National 
Democratic Party has shown without question they sincerely believe that 
higher taxes, more government, and more regulation can best solve the 
problems of the American people.
  In 1993, the Clinton administration, with help from the Democrats on 
that side of the aisle, passed one of the largest tax increases in the 
history of this country. Earlier this year we passed a small tax 
reduction, which has been characterized as a tax for the wealthy. 

[[Page H 9597]]
I would like to go over a few of those provisions for you.
  If you are an American family and you have children today we are 
going to give you $500 per child tax credit. We are going to restore 
$145 to remove the tax penalty for married couples in this country. We 
are going to restore IRA's to help savings in this country. We are 
going to allow small businessmen and women around this country to 
deduct up to $35,000 of their investments each year to provide more 
jobs and a stronger economy. We are going to provide a refundable tax 
credit of up to $5,000 for people who adopt children.
  Is this a tax break for wealthy Americans? No, it is for the working 
men and women of this country.

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