[Congressional Record Volume 141, Number 194 (Thursday, December 7, 1995)]
[Extensions of Remarks]
[Page E2315]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          DISPELLING THE MYTHS

                                 ______


                            HON. RON PACKARD

                             of california

                    in the house of representatives

                       Thursday, December 7, 1995

  Mr. PACKARD. Mr. Speaker, there are a number of myths about the 
Republican balanced budget my colleagues on the other side of the aisle 
seem bent on perpetuating. For instance, part of their mantra states 
that our tax cuts benefit the rich.
  Mr. Speaker, that is just patently wrong. According to the Joint 
Committee on Taxation, 80 percent of the GOP tax cuts go to those 
making less than $100,000 and 61 percent go to those making between 
$30,000 and $75,000. These are hard working, middle-class Americans, 
not the rich.
  The Heritage Foundation found that 80 percent of the $500 per-child 
tax credit benefit goes to families with incomes less than $75,000. 
Some 3.5 million families, at the lowest income levels, will no longer 
pay taxes. Finally, our budget erases 51 percent of taxes for families 
of four earning less than $30,000.
  Throughout the budget negotiations, the White House has clearly 
demonstrated that it is not serious about reaching a balanced budget in 
7 years. Rather than respond directly to the budget negotiators about 
the balanced budget plan, the White House has chosen instead to release 
a document that simply reiterates the same old, worn-out myths about 
the Republican efforts to harm senior citizens, children, working 
families, the poor, students, veterans, and just any other group you 
can think of.
  Tax cuts benefit America's families, not the rich. Mr. Speaker, the 
time has come to peel away the rhetoric and distortions and begin to 
focus on the facts. America's future depends on it.

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