[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]




            FIGURES PUBLISHED BY JOINT COMMITTEE ON TAXATION

  (Mr. HUTCHINSON asked and was given permission to address the House 
for 1 minute.)
  Mr. HUTCHINSON. Mr. Speaker, every time there is a tax cut proposal, 
Republicans stand up and explain that the tax cuts would mainly go to 
the middle class, while the liberals argue exactly the opposite, that 
the tax cuts go mainly to the rich. Who is right?
  I will explain the arguments and let the American people decide. 
According to Republican figures and according to the figures published 
by the nonpartisan Joint Committee on Taxation, 76 percent of the tax 
cuts in the Republican tax cut proposal go to people earning less than 
$75,000. I will repeat that. Seventy-six percent of the tax cuts go to 
people earning less than $75,000 a year.
  Now, it is important to look at the assumptions used in this 
calculation. If the household earns $75,000 a year, that should be 
scored as a household earning $75,000. But according to liberal 
thinking, and scoring using tricks and bogus numbers, a household only 
earning $45,000 a year is scored as earning $75,600 per year. That is 
imputed earnings that cooks the numbers. Now, you decide who is right.

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