[Congressional Record Volume 143, Number 90 (Tuesday, June 24, 1997)]
[House]
[Page H4228]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            IN SUPPORT OF THE BUDGET RECONCILIATION PACKAGE

  (Mr. BLILEY asked and was given permission to address the House for 1 
minute.)
  Mr. BLILEY. Mr. Speaker, I rise today to speak in favor of both the 
balanced budget and tax cuts. In other words, I am here to speak in 
favor of the reconciliation package which we will be considering later 
this week.
  Before Republicans took control of Congress, it was thought 
impossible to both balance the budget and cut taxes. However, this week 
we will begin to consider the excellent tax bill of the gentleman from 
Texas, Chairman Archer, which accomplishes both objectives. This bill 
provides for a $400-per-child tax credit next year which will increase 
to $500 per child in 1999.
  My colleagues remember this $500-per-child tax credit, do they not? 
It is the same tax cut that President Clinton campaigned on in 1992 
just before he passed, without one Republican vote, the largest tax 
increase in American history. It is also the same tax cut which 
Republicans campaigned on in the Contract With America in 1994. 
However, unlike the President, we made good on our promises. We made 
good last year, when the President vetoed the first balanced budget in 
more than 25 years and we are making good on this promise this week 
when the House votes on the spending reconciliation bill.

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