[Congressional Record Volume 142, Number 29 (Wednesday, March 6, 1996)]
[House]
[Page H1723]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           CORPORATE WELFARE

  (Ms. McKINNEY asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. McKINNEY. Mr. Speaker, yesterday the Cato Institute issued this 
news release which said, ``huge amounts in corporate welfare remain 
untouched.''
  Now, everyone in Washington knows that the Cato Institute is the 
furthest thing from a liberal think tank. Yet, even they understand 
that the corporate welfare state is about the only thing that is not 
being cut in order to balance the budget.

  In fact, the Republican majority wants to cut Pell grants for 280,000 
students while preserving subsidies for companies like McDonald's and 
Campbell's soup to advertise overseas. That Mr. Speaker, is a perverse 
set of priorities.
  In this changing economy when workers are being axed in favor of 
cheap labor overseas or worker-replacing technologies, the last thing 
we should be doing is undermining educational opportunities of our 
future work force.
  Mr. Speaker, the Republican majority needs to understand that what is 
good for our children's education, is good for America.

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