[Congressional Record Volume 143, Number 50 (Thursday, April 24, 1997)]
[House]
[Page H1801]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      JOIN IN COSPONSORING H.R. 14

  (Mr. DREIER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DREIER. Mr. Speaker, I rise to once again encourage my colleagues 
to join as cosponsors of H.R. 14, the bill that a number of Democrats 
and Republicans introduced on the opening day, to put 14 percent as the 
top rate on capital gains. My friend from New York was just talking 
about the administration's opposition to dealing with our attempt to 
repeal the death tax. I am happy to say on capital gains, the job 
creation and savings encouragement measure, that we have an indication 
of some support coming from the White House.
  I hope very much that we can move beyond our 130-plus Democrats and 
Republicans as cosponsors because reducing the top rate on capital 
gains will clearly create jobs, increase the flow of revenues to the 
Federal Treasury, and by $1,500 a year increase the take-home pay for 
working Americans. Reducing the top rate on capital is in fact a 
family, permanent family tax cut, and I hope everyone will join in 
cosponsoring H.R. 14.

                          ____________________