[Congressional Record Volume 141, Number 165 (Tuesday, October 24, 1995)]
[House]
[Page H10647]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   NEW MAJORITY WILL DELIVER TAX CUTS

  (Mr. BALLENGER asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. BALLENGER. Mr. Speaker, this week the new majority will deliver 
on the tax cuts we promised during the last election. We will provide 
much needed relief to overburdened families.
  In 1948, the average American family with children paid only 3 
percent of their income to the government. Today, that same family pays 
24.5 percent. In fact, the average family pays more in taxes than it 
does on food, clothing, and housing combined.
  Our $500-per-child family tax credit will provide relief to more than 
35 million American families. For families with two children, that's 
$1,000 that is now in their hands--not the government's.
  In addition, the $500-per-child tax credit will eliminate the tax 
burden for 4.7 million families.
  Mr. Speaker, all Americans deserve a tax cut. President Clinton 
believed this when he was a candidate. This week, Republicans will 
deliver.

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