[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]




               CAPITAL GAINS TAX CUTS HELP ALL AMERICANS

  (Mr. BARTLETT of Maryland asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. BARTLETT of Maryland. Mr. Speaker, Americans are confused by a 
lot of misinformation about capital gains tax cuts. For instance, 
liberal Democrats whine that the capital gains tax cuts are gifts from 
the Federal Government to the rich, and the liberal media use their 
megaphones to repeat these claims as if they were the truth.
  Let us remember that capital is just another word for the money that 
is the source and the lifeblood of every job and every business that 
ever has been or ever will be created. Forty percent of all the stock 
in America is owned by families making less than $75,000 per year.
  The capital gains tax cut will help millions of middle class 
Americans: Every American who has invested in a mutual fund, every 
American who saves for a home, every American who invests for their 
retirement or have pensions, every American who saves for their 
children's education.
  The liberals are wrong. A capital gains tax reduction is not a tax 
break for the wealthy.

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