[Congressional Record Volume 141, Number 166 (Wednesday, October 25, 1995)]
[House]
[Page H10753]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     HELP THE POOR BY CUTTING TAXES

  (Mr. WELDON of Florida asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. WELDON of Florida. Mr. Speaker, as we debate tax cuts this week, 
I think we should look to the example of President Reagan.
  In 1981, President Reagan cut taxes, setting off the longest 
peacetime expansion in American history. What happened during the 
ensuing decade?
  More than 19 million high paying jobs were created.
  Real median family income increased 13 percent.
  The number of Americans trapped in poverty dropped by 4 million.
  The rich carried a greater percentage of the tax burden.
  Now listen carefully. Of those in the bottom fifth income bracket in 
1979, 65 percent jumped at least two income brackets during the 1980's. 
And more made it to the top income bracket than stayed in the bottom.
  My colleagues on the other side of the aisle: Do you want to help the 
poor? Well then, cut taxes.

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