[Congressional Record Volume 142, Number 10 (Thursday, January 25, 1996)]
[Extensions of Remarks]
[Pages E83-E84]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     PRESIDENT CLINTON'S TAX HIKES

                                 ______


                            HON. RON PACKARD

                             of california

                    in the house of representatives

                       Thursday, January 25, 1996

  Mr. PACKARD. Mr. Speaker, the budget the President proposes proves 
one thing beyond a shadow of a doubt, he is a congenital liberal. 
Instead of cutting taxes, scaling back the growth of Government, and 
putting our economy in position to create productive and stable jobs 
with good wages, he wants to protect the status quo with higher taxes 
and more bureaucracy.
  In 1993, President Clinton enacted the largest tax hike in American 
history--imposing more than $250 billion in tax increases over 5 years 
on families, small businesses, and corporate America. Just a few weeks 
ago, with his fifth budget in less than a year, the President proposed 
more than $60 billion in new taxes. This tax package makes the Federal 
Government even bigger, more expensive, and more unwieldy than the 
current failed status quo.
  The President tries to cover this massive tax increase with a sliver 
of a tax cut. And what he offers with one hand, he takes away with the 
other--the tax hikes are permanent and the tax cuts are temporary. By 
2002 only a measure affecting IRA's would remain on the books. All 
others will expire. Meanwhile, dozens of other tax increases will have 
snowballed into roughly $15 billion in new taxes in 2002 alone.
  These tax increases will not benefit America. They will not benefit 
the economy. They 

[[Page E84]]
will not contribute to lowering the budget deficit. They will simply 
serve to underwrite more new spending and expand the size of an already 
bloated Federal bureaucracy. During his State of the Union Address, the 
President voiced his commitment to an era of a smaller, less intrusive 
Government. Mr. Speaker, this is not the way to go about it.

                          ____________________