[Congressional Record Volume 142, Number 125 (Thursday, September 12, 1996)]
[House]
[Page H10330]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




     WILL REPUBLICANS ICE MEDICARE WITH BOB DOLE'S PROPOSED TAX CUT

  (Mr. GENE GREEN of Texas asked and was given permission to address 
theHouse for 1 minute and to revise and extend his remarks.)
  Mr. GENE GREEN of Texas. Mr. Speaker, I am glad the Speaker brought 
that ice bucket in here. My concern is that they are going to ice 
Medicare with that $548 billion tax cut.
  Yesterday, in front of the Republican Caucus Senator Dole said that 
this year's campaign is about trust. Senator Dole wants the American 
people to believe and trust that his proposed tax cuts will improve 
their economic conditions. He wants them to believe that a $548 billion 
tax cut will not lead to higher budget deficits and increased interest 
rates, but major Republican economists say that Senator Dole's tax cuts 
will not work.
  If history is any lesson, when Speaker Gingrich and then Senator Dole 
tried to pass a $245 billion tax cut last year, they went after 
Medicare, $270 billion. Do not let them ice Medicare. Senator D'Amato 
admitted that under the Dole plan funding for such programs as Medicare 
would definitely be affected. He went even as far as to say, I know I 
am not running this year, so he can tell the truth. Even former 
economic advisers to Reagan are now saying that tax cuts do not produce 
the kind of economic stimulation Senator Dole promised.
  Mr. Speaker, let us not repeat the 1990's budget-busting plans.

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