[Congressional Record Volume 142, Number 48 (Tuesday, April 16, 1996)]
[Extensions of Remarks]
[Page E529]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                TAX DAY

                                 ______


                            HON. RON PACKARD

                             of california

                    in the house of representatives

                         Monday, April 15, 1996

  Mr. PACKARD. Mr. Speaker, today millions of Americans will scramble 
to file their taxes. My Republican colleagues and I are fighting hard 
to ensure that all Americans keep more of their hard earned money.
  Taxpayers deserve relief now. That is why my colleagues in both the 
House and the Senate passed the Contract With America's tax relief 
plan. Americans need tax reform, but that will not happen overnight. 
While we consider tax reform in Congress, there are a number of things 
we have done to lift the burden from America's families and encourage 
economic growth. We passed a $500 child tax credit for families. We 
provided capital gains tax relief. We expanded IRA's, just to name a 
few. Unfortunately, President Clinton vetoed the Republican plan. With 
the stroke of a pen he vetoed pro-family, projob tax relief.
  In spite of the President's veto, we must continue to do what is 
right for America. The protaxpayer agenda we begin to consider today is 
a tremendous step in the right direction. The tax limitation amendment, 
by requiring a two-thirds vote to raise taxes, will reign in escalating 
taxes. It will finally put an end to the roller coaster ride of the 
IRA's tax code and return fiscal responsibility to Washington. Almost 
every State that has implemented tax and spending limitations has 
witnessed below average growth is State spending and higher than 
average economic growth.
  As Daniel Webster Said, ``An unlimited power to tax involves, 
necessarily, the power to destroy.'' Mr. Speaker, my Republican 
colleagues and I are committed to protecting America's families from 
tax-and-spend Washington. Americans not only need tax protection they 
need tax relief.

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