[Congressional Record Volume 143, Number 86 (Thursday, June 19, 1997)]
[House]
[Page H3931]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  A DIFFERENCE OF OPINION ON TAX BILL

  (Mr. HINCHEY asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. HINCHEY. Mr. Speaker, it must be confusing to people who may have 
been watching and listening to these statements over the course of the 
last several minutes. There are obviously two differences of opinion 
here.
  Let us look at the analysis from an objective, nonpartisan group. The 
Citizens for Tax Justice, who are exactly that, have told us that the 
Republican tax cut benefits overwhelmingly the richest people in the 
country. Sixty percent of their tax cut goes to 40 percent of the 
American people. That blatantly is unfair. On top of that, they are 
attempting to repeal the alternative minimum tax. The alternative 
minimum tax was put into place to make sure that the most profitable 
American corporations pay at least something in taxes every year to the 
Federal Government. If they are not paying their taxes, then American 
families have to make up that difference. That is what they are trying 
to do, to pass the obligation to pay for what the country needs from 
the richest people to the average working people. We are opposed to 
that and we are determined to stop it.

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