[Congressional Record Volume 143, Number 44 (Tuesday, April 15, 1997)]
[House]
[Page H1461]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  TAX BURDEN ON SENIORS MUST BE LIFTED

  (Mr. STEARNS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. STEARNS. Mr. Speaker, today is tax day. I think most of us would 
agree that we are taxed too much. But do we really need to tax seniors 
like we do? I do not think so.
  Sadly, that is precisely what happened with the Clinton 1993 budget 
package. Some might try to argue that that was a good package. They 
were wrong. They are still wrong. These folks in the administration 
have long pursued a tax and spend policy. Try telling seniors that 
their taxes on Social Security are fair and necessary.
  I have introduced legislation to roll back this additional tax burden 
that was placed on seniors by the Clinton administration in 1993. It 
also includes indexation of capital gains and American dream savings 
accounts for young people who are trying to purchase their first home. 
I urge my colleagues who believe in tax relief, true tax relief for all 
Americans, to sponsor my bill which is budget neutral. It is H.R. 1266. 
It is entitled the Budget Neutral American Tax Relief Act.

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