[Congressional Record Volume 143, Number 84 (Tuesday, June 17, 1997)]
[House]
[Page H3808]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




      GOP FAVOR WEALTHY OVER AVERAGE AMERICANS IN BUDGET AGREEMENT

  (Mr. PALLONE asked and was given permission to address the House for 
1 minute.)
  Mr. PALLONE. Mr. Speaker, last month I voted in favor of the balanced 
budget resolution, but as the details of this budget become known, I am 
more reluctant to support the final budget product.
  The Democratic tax cut plan targets the bulk of the tax cuts to 
working families and to those who need assistance. The Republican plan 
does not. Their proposal would actually increase taxes for those with 
incomes below $15,900, while those making nearly $250,000 and beyond 
would receive over half of the tax cuts. Not only is this unfair to 
low-income families, but it also leaves very little tax relief for the 
average working family.
  In addition to the skewed Republican tax scheme, Republicans have 
also abandoned their agreement to help low-income seniors pay for 
rising Medicare premiums.
  Mr. Speaker, the Republicans are putting the balanced budget 
agreement at risk by insisting on only helping their wealthy friends.

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