[Congressional Record Volume 143, Number 82 (Thursday, June 12, 1997)]
[House]
[Page H3724]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                TAX CUTS

  (Mr. LEWIS of Kentucky asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. LEWIS of Kentucky. Mr. Speaker, as I speak, the Committee on Ways 
and Means continues to debate the details of what would be the first 
major tax cut enacted in 16 years. This proposal is consistent with the 
balanced budget agreement. The proposal contains permanent tax relief 
covering people throughout their lives from the childhood years to the 
education years, from the saving years to the retirement years. It 
offers a $500 per child tax credit covering 41 million children.
  Education incentives are offered by creating investment accounts to 
allow parents to save tax-free for their children's higher education. A 
10-percent capital gains tax cut rate would cover 5 million Americans, 
including 2 million senior citizens.
  Mr. Speaker, this package represents a clear and more simple vision: 
Allow the American people to do more by letting them keep more of their 
earnings.

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