[Congressional Record Volume 142, Number 2 (Thursday, January 4, 1996)]
[House]
[Page H124]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              LET US GET TO A REASONABLE BUDGET AGREEMENT

  (Mr. GANSKE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. GANSKE. Mr. Speaker, we have heard a lot of hot air about tax 
cuts for the rich, tax cuts for the rich. Well, as many of the Members 
know, myself and another Member who is sitting in the body today 
earlier in the year worked hard to lower the tax cap for the $500-per-
child tax credit. The conference bill is currently at $75,000 for a 
single earner and $110,000 for a couple.
  Most people would say that that is reasonable, especially if you look 
at the fact that in 1950 the average income-earner family in this 
country was sending 5 percent of their income to Washington for Federal 
taxes and today it is over 25 percent. Remember also the President 
himself introduced a bill that had some tax cuts in it.
  So I think what we are working at now, and as we said all along in 
the continuing resolution, was that we would put everything on the 
table, the level of tax cuts. The President has his. We have ours. Let 
us get some numbers and come to an agreement.

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