[Congressional Record Volume 142, Number 92 (Thursday, June 20, 1996)]
[House]
[Pages H6633-H6634]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       TAX BREAKS FOR THE WEALTHY

  (Ms. DeLAURO asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. DeLAURO. Mr. Speaker, today's USA Today reported that the 
wealthiest 20 percent of U.S. households earned more in the early 
1990's than 60 percent of households in the middle class. The New York 
Times reported that the gap between the most affluent Americans and 
everyone else was wider than it has been since World War II.
  This is frightening news when you consider that the Republican budget 
passed in the House last week does not just increase the deficit, it 
also cuts Medicare to pay for tax breaks for the wealthy.
  The Republican budget explicitly calls for $176 billion in tax 
breaks. The

[[Page H6634]]

leadership will say that that is less than what they asked for the year 
before. But what the American people do not know is that the 
Republicans left a loophole that allows for unnamed tax breaks to be 
inserted later. The chairman of the Budget Committee, John Kasich, has 
said, and I quote, ``We expect a full complement of tax cuts. If there 
isn't, I will head south.''
  No wonder the rich are getting richer and the poor are getting 
poorer.

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