[Congressional Record Volume 143, Number 85 (Wednesday, June 18, 1997)]
[House]
[Page H3890]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
GOP TAX RELIEF PLAN PUTS MIDDLE-INCOME FAMILIES FIRST
(Mr. KINGSTON asked and was given permission to address the House for
1 minute and to revise and extend his remarks and include extraneous
matter.)
Mr. KINGSTON. Mr. Speaker, the Democrats today seem to be
characteristically void of facts and rich in rhetoric in their
deliveries of one-minutes.
Under the Republican tax bill, the income level of $75,000 per
household or less than $75,0000 is going to get 76 percent of the tax
relief. Families with incomes over $200,000 get 1.2 percent. I do not
understand how they can say that is giving more taxes to the wealthy.
Mr. Speaker, in 1992 the President ran on the platform of middle-
class tax cuts but instead, as President, in 1993 passed the largest
tax increase in history, including the largest-ever increase in
welfare. But after a lot of debate, welfare was reformed. Today the
number of dependents, people who are dependent on government, has
decreased by 15 percent. Yet, the President wants to expand welfare and
not give middle-class tax relief.
What I am saying is he wants to give a $500-per-child tax credit to
people who are on welfare and not give it to 11 million middle-class
children who need the money very, very desperately for school and
education and shelter.
Mr. Speaker, I include for the Record this information from the
Committee on Ways and Means:
The following table shows the amount of tax relief received by people
of various income categories over a 5-year period, according to data
provided by the Joint Committee on Taxation.
------------------------------------------------------------------------
Percent
Income level Tax relief of tax
relief
------------------------------------------------------------------------
Under $75,000........................ -$89.0 billion......... 76.4
$75,000 to $100,000.................. -19.3 billion.......... 16.6
$100,000 to $200,000................. -6.7 billion........... 5.8
$200,000+............................ 1.4 billion............ 1.2
------------------------------------------------------------------------
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