[Congressional Record Volume 143, Number 68 (Wednesday, May 21, 1997)]
[House]
[Page H3081]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 PASSAGE OF BALANCED BUDGET RESOLUTION

  (Mr. KINGSTON asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. KINGSTON. Mr. Speaker, with the passage of the balanced budget 
agreement last night, many people have asked, is it consistent to cut 
taxes and try to reduce the deficit? To this I say yes. Here is why.
  For every dollar we send to Washington as taxpayers, Washington 
spends over a $1.50. You can spend your money a lot more efficiently 
than my friends in Congress. I can spend your money.
  If you have more money in your pocketbook, you are going to buy more 
records, more clothes, more socks, more shoes, more whatever. When you 
do that, small businesses expands. And when they expand, they create 
more jobs. When more jobs are available, more people go to work. When 
more people go to work, less are on public assistance and more pay in 
taxes. Revenues actually increase. This was proven both by President 
Reagan and President Kennedy.
  The other side to that, though, is as these revenues increase because 
of a tax cut, we have to hold the line on spending. Last night's budget 
agreement gives us the opportunity to both reduce taxes, let people 
spend their own money and hold the line on spending here in Washington.

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