[Congressional Record Volume 143, Number 63 (Wednesday, May 14, 1997)]
[House]
[Page H2598]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         IN SUPPORT OF TAX CUTS

  (Mr. DUNCAN asked and was given permission to address the House for 1 
minute.)
  Mr. DUNCAN. Mr. Speaker, the average American today pays about 40 
percent of his or her income in taxes when we count taxes of all types, 
Federal, State and local. Then the average person pays another 10 
percent in regulatory costs passed on to them in the form of higher 
prices. This is why today the average family has one spouse working for 
the government and one spouse working for the family. Many people do 
not realize how much they are paying, about half of their income going 
to support the government.
  Today we are proposing in our budget an $85 billion tax cut. Some 
people have implied that this tax cut is just too much, yet this cut is 
spread over a 7-year period. During that time period, this amounts to a 
tax cut of less than 1 percent per year. I know we can afford this. The 
Federal Government wastes far more than 1 percent each year.
  I urge my colleagues to support this very needed tax relief for the 
families of America, a large part of which is a $500 per child tax 
credit. Let us support the families of America instead of wasting more 
through our Federal bureaucracy.

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