[Congressional Record Volume 141, Number 207 (Friday, December 22, 1995)]
[House]
[Page H15578]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 NO TAX BREAKS UNTIL BUDGET IS BALANCED

  (Mr. STUPAK asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. STUPAK. Mr. Speaker, to my last friend who just spoke, e-mail 
reply, e-mail reply: Here is what the balanced budget does, here is 
what the majority party is not telling you as they try to balance the 
budget in 7 years. They do not tell you that for the first 3 years the 
deficit actually goes up by $53 billion; it goes up by $53 billion for 
the first 3 years because they are giving a $253 billion tax break to 
the wealthiest 1 percent of this country, and corporations would no 
longer have to pay tax with the repeal of the alternative minimum 
corporate tax.
  Tax breaks up front, higher deficits for the first 3 years; that 
should be the e-mail reply to that Government worker who is facing a 
shutdown because there is no balanced budget. There is not even a 
budget for 1996.
  So, to achieve their balanced budget, what do the Republican Party 
propose besides higher deficits and tax breaks? $270 billion in cuts in 
Medicare, $182 billion cuts in Medicaid, huge cuts in student loans, 
and that is what they call a balanced budget.
  Democrats say no tax breaks until the budget is balanced.

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