[Congressional Record Volume 143, Number 86 (Thursday, June 19, 1997)]
[House]
[Page H3930]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      THE REPUBLICAN TAX PROPOSAL

  (Mr. MENENDEZ asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. MENENDEZ. Mr. Speaker, Democrats want tax cuts, but the 
Republican tax proposal is the tax policy equivalent of Peter Pan's 
never-never land. It is an expression of the desire to never grow old 
and never die. Why are there billions of tax cuts going to the dead and 
the immortal? Republican estate tax proposals would have the J.P. 
Morgan estate paying no taxes if he were able to take advantage of it. 
And just like Peter Pan, corporations live forever and many would pay 
no taxes, and many corporations would make shamefully little 
contributions to the Nation that is the source of their vast wealth.
  What does the average worker have in common with the wealthy dead and 
the eternal life of corporations? Nothing, except that they would be 
paying more taxes. We want to vote for tax cuts for the living. The 
Democratic substitute provides tax cuts for real live people, for 
education, for reducing taxes, on buying and selling your home or 
transferring a small business to family members, and for working 
families. That is tax cuts that we can support.

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