[Congressional Record Volume 141, Number 186 (Monday, November 20, 1995)]
[House]
[Page H13361]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       HELP STIMULATE THE ECONOMY

  (Mr. COLLINS of Georgia asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. COLLINS of Georgia. Mr. Speaker, there have been several speakers 
who have come to the floor this morning and talked about the agreement 
and the entitlement programs that it will address in the next 3 weeks, 
but there is another very, I think, very influential and very important 
portion of that agreement and that is that we shall adopt tax policies 
to help working families and stimulate future economic growth. Tax 
policy to help working families. That is the $500 tax credit that not 
only we have proposed in legislation and passed this year, but also 
that the President proposed earlier this year.
  Stimulate economic growth. When the minority leader appeared before 
the Committee on Ways and Means earlier this year, I asked him about a 
provision in the Tax Code that I think have cost more assembly line 
jobs than any provisions that have been implemented and would he 
support repealing it; and his answer was yes. And that is the 
alternative minimum tax.
  The capital gains tax. What more has history proven that will help 
stimulate the economy than the capital gains tax? Mr. Speaker, we do 
not need to overlook this very important part of this agreement.

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