[Congressional Record Volume 143, Number 18 (Wednesday, February 12, 1997)]
[House]
[Pages H455-H456]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                               TAX RELIEF

  (Mr. CHABOT asked and was given permission to address the House for 1 
minute.)
  Mr. CHABOT. Mr. Speaker, it has become popular to say that there are 
no significant philosophical differences in this town anymore. I do not 
buy it. Take, for one small example, an exchange that took place here 
in Washington just yesterday. One of our distinguished colleagues, the 
gentleman from Arizona [Mr. Hayworth], asked President Clinton's 
Treasury Secretary a very good question yesterday: Why does the 
President propose to cut off the $500 per child tax credit for any 
parent whose child reaches the age of 13? Why is it somehow less 
expensive for a working mom to care for a 12-year-old than it is to 
care for a 13-year-old? Well, said the Treasury Secretary,

[[Page H456]]

the Government has to be careful how it, quote, spends its scarce 
resources.
  Now, that is where I have a major difference with the administration. 
When a parent is able to keep some of the money that he or she works 
very hard to earn, that is not an example of the Government spending 
money. It is not our money, to begin with, here in Washington. It 
belongs to the people who earn it. We ought to cut taxes, and let us 
begin to do it now.

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