[Congressional Record Volume 142, Number 25 (Wednesday, February 28, 1996)]
[House]
[Page H1402]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           DOUBLE WHAMMY OF HIGHER TAXES AND DECLINING WAGES

  (Mrs. SEASTRAND asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. SEASTRAND. Mr. Speaker, ``It's the economy, stupid.'' That is 
what President Bill Clinton told us in 1992. Today, 4 years later, 
America is feeling the Clinton Crunch--that double whammy of higher 
taxes and declining wages.
  To combat the Clinton crunch Republicans believe we should balance 
the budget and cut taxes. President Clinton thinks we should maintain 
the status quo.
  Just look at the record. Republicans, for the first time in a 
generation, passed an honest balanced budget. The President not only 
vetoed that plan but he has refused to negotiate in good faith toward a 
compromise. Now our plan also cut taxes. We cut capital gains taxes to 
create jobs and boost the economy, and we provided a $500 per-child tax 
credit to help families suffering from the Clinton crunch.
  Mr. Speaker, the choice has never been clearer. On the one hand we 
have Republicans, men and women who mean what they say and keep their 
word. And on the other hand we have President Bill Clinton, a say-
anything, do-nothing liberal President.

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