[Congressional Record Volume 141, Number 167 (Thursday, October 26, 1995)]
[House]
[Page H10851]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




  BALANCING THE BUDGET WILL HELP THE POOR WITH STRONG ECONOMIC GROWTH

  (Mr. BALLENGER asked and was given permission to address the House 
for 1 minute.)
  Mr. BALLENGER. Mr. Speaker, the liberal Democrats in this House say 
they cannot support a plan to balance the budget because it will hurt 
the poor too much. This is the most bizarre argument I've ever heard.
  I know it drives my liberal friends nuts, but the fact is, the best 
antipoverty program this country has to offer is strong economic 
growth. And the best way to get strong economic growth is by cutting 
taxes. That was the lesson of the 1980's.
  The tax cuts of both 1963 and 1981 created a rising tide that did 
indeed lift all boats. Imagine if the tax cuts of 1981 had been coupled 
with comparable spending restraint by the Congress. The poor might 
actually have been able to survive the disastrous tax increases of 1990 
and 1993.
  Do my liberal friends really want to help the poor. Then balance the 
budget and cut taxes. It is a proven solution.

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