[Congressional Record Volume 143, Number 86 (Thursday, June 19, 1997)]
[House]
[Page H4077]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
{time} 2230
HOME-BASED BUSINESS
The SPEAKER pro tempore (Mr. Cooksey). Under a previous order of the
House, the gentleman from New Jersey [Mr. Pappas] is recognized for 5
minutes.
Mr. PAPPAS. Mr. Speaker, we are talking about common sense things
here. Just a few months ago, many of my friends here know, in fact,
everyone here, save for two, are cosponsors of the bill that I
introduced dealing with the home office deduction. And they know who
they are.
I am very happy to see that in the new bill that the Committee on
Ways and Means has been bringing forward includes, maybe not the exact
language, but the concept of the home office deduction is included. So
many individuals in our country are starting home-based businesses.
Some people are employed in a corporation or maybe another small
business. Yet on their own time they are putting their energy, their
creativity to work, which is truly a part of the American
entrepreneurial spirit in starting a home-based business. I am excited
about the support that that has really across the country from all
walks of life.
Seventy percent of the new home-based businesses or small businesses
that are started are started by women. And as my colleagues know, there
are many single-parent families that are headed by women. And being
able to have the home-based business with the deductions that other
home-based businesses have had, I think, is fair. I am very encouraged
to see so much support among my colleagues here tonight, most of them,
and, hopefully, by the end of the night, all of them.
I yield to the gentleman from Pennsylvania [Mr. Fox].
Mr. FOX. To enter this discussion as part of this tax reform debate,
all of my colleagues have agreed to be part of the Pappas legislation
with the home office deduction. But I think that scores the important
point about how most small businesses are the engine of the economy.
Ninety percent of new jobs come from small businesses. So the Pappas
legislation, along with other tax reforms, are what Americans really
need. I believe that legislation is going to move forward, and we
appreciate the leadership of the gentleman from New Jersey [Mr. Pappas]
on that issue.
I know the gentleman from Georgia [Mr. Kingston] has been working
feverishly to make sure that we do get the new package. I believe what
the gentleman from South Dakota [Mr. Thune] said earlier is true, the
balanced budget together with tax reform is really going to be historic
and make a difference in people's lives.
The balanced budget is important because we are going to see
reductions in the interest payments for college loans, in the interest
payments for the car, and the interest payments for the home mortgage.
That is the key to America.
Mr. KINGSTON. Mr. Speaker, if the gentleman would yield, I wanted to
make sure folks understand that under President Clinton in 1993, we
experienced the largest tax increase in the history of the country,
which I believe was in the figure of somewhere about $250 billion. We
are talking about only, unfortunately, an $85 billion decrease in
taxes. It does not take us back to the pre-Clinton days, if you will.
Now what is interesting is, as we hear the cries of those that oppose
the tax relief, is you would think we are giving away the farm. And it
is so important for people to realize it is not our money. The United
States Congress does not own money. We, through the force of
Government, confiscate money out of people's pocket and we take it.
All we are saying is, hey, let us take less of the middle-class hard
earned dollars. That is all we are talking about. And yet people, you
would think, are about to give away their first born child the way some
of the opponents are fighting this tax relief.
Mr. SOUDER. Mr. Speaker, if the gentleman would yield, I think his
point about the home office deduction, as well as the point of the
gentleman from Georgia [Mr. Kingston] about the general attitude of
many in the other party is very perplexing.
One time one parent had their son tell me what he had been taught was
the difference between Republicans and Democrats; and that is that
Republicans believe in big people and little government, and Democrats
believe in big government and little people.
I think President Clinton and some have moved beyond that, but there
are many in this body who are still criticizing that. They do not seem
to understand how jobs in America are created, how people can have
choices. So many millions of American people through Amway, through
Discovery Toys, through the many different things that have branched
out, as well as new computer-based businesses at home, give not only
mothers now the choice to stay home with their kids or women to be able
to start a business, but now many men are working at home in different
types of businesses.
If we do not recognize these changes, we kill the engine of economic
growth of how jobs are created. They are created not by government but
by people looking for creative ways to combine the needs of their life-
styles and the needs of capital and the shortage thereof.
With the Internet nowadays and with the ability to use phones and all
the different ways, we need to make sure that the home office deduction
and things like this reflect the ways of economic growth.
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