[Congressional Record Volume 141, Number 199 (Thursday, December 14, 1995)]
[House]
[Page H14876]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              REPUBLICAN TAX CUTS GO TO WORKING AMERICANS

  (Mr. KNOLLENBERG asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. KNOLLENBERG. Mr. Speaker, contrary to what the gentleman just 
said and contrary to what we have been hearing from the Democratic 
side, the tax cuts, all those billions of dollars, $245 billion, are 
not for the wealthiest Americans. In fact, 89 percent, almost 90 
percent, of the $500 per child tax credit, that is the largest tax cut 
in our budget, goes to families making less than $75,000 a year. Over 
the next 7 years, this pro-family credit will increase the take-home 
pay of the average American by $7,000. I do not know about your 
district, but $7,000 is a fair amount of money in mine. In Washington 
that may not sound like much money, but to the working parents of 
families who have children, they need that. That is a lot to them. It 
may help them on their mortgage payments, it may help them save for a 
college education. They can spend it as they will. It is their money in 
the first place. It should not have been taken from their pocket.
  Mr. Speaker, we must put Uncle Sam on a diet and balance the budget, 
but we must allow working families to keep more of what they earn.
  One other point. Balancing the budget and cutting taxes are not 
mutually exclusive. The Federal Government spends too much money, not 
because it taxes too little.

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