[Congressional Record Volume 143, Number 87 (Friday, June 20, 1997)]
[Extensions of Remarks]
[Page E1277]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

[[Page E1277]]

        COMMENDING CHAIRMAN ARCHER FOR HIS WORK ON THE TAX BILL

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                           HON. NEWT GINGRICH

                               of georgia

                    in the house of representatives

                         Friday, June 20, 1997

  Mr. GINGRICH. Mr. Speaker, next week, the House will take a historic 
series of votes on balancing the budget, saving Medicare, and cutting 
taxes. The Christian Coalition yesterday sent a letter commending 
Chairman Archer for his work on this bill and describing the importance 
of these tax cuts to its members. I enter that letter into the 
Congressional Record.

                                          Christian Coalition,

                                                    June 19, 1997.
     Hon. Newt Gingrich,
     Speaker of the House, Washington, DC.
       Dear Mr. Speaker: The Christian Coalition was pleased to 
     support the Ways and Means tax bill. As Chairman Archer 
     correctly noted, there are $254 billion worth of pro-family 
     tax cuts in the bill, from the $500 per child tax credit to 
     the education tax incentives to death tax relief. These are 
     significant and meaningful tax cuts for America's families.
       As you know, the $500 per child tax credit has been our 
     highest legislative priority since 1993. Under Chairman 
     Archer's bill, taxpayers with children will be able to keep 
     $150 billion of their own money thanks to the $500 per child 
     tax credit. Most significantly, this includes taxpayers with 
     children in the most expensive age group, teenagers. The $500 
     per child tax credit will go a long way to relieve the 
     crushing federal tax burden on the family and will enable 
     parents to make their own decisions on how best to meet the 
     financial needs of their children. We also note that the bill 
     contains $75 billion in education tax incentives and $29 
     billion in death tax relief that will be welcome news to 
     families. These are important pro-family provisions. Lastly, 
     we note that we have always supported capital gains tax 
     relief. While the capital gains provisions are not 
     specifically targeted to families, families will definitely 
     benefit from the capital gains relief.
       We are concerned, though, about President Clinton's 
     reaction to date. I just cannot imagine that he would veto a 
     bill that provides such significant tax relief to middle 
     class families. That would be a severe disappointment to 
     families with children. We are urging him to support your 
     bill.
       Thank you and Chairman Archer for all your hard work on 
     behalf of America's families. We look forward to working with 
     you through out this process to sign long awaited tax relief 
     into law.
           Sincerely,
                                                     Brian Lopina,
                            Director, Governmental Affairs Office.

     

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