[Congressional Record Volume 143, Number 91 (Wednesday, June 25, 1997)]
[House]
[Page H4377]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     REDUCTION IN CAPITAL GAINS TAX

  (Mr. JONES asked and was given permission to address the House for 1 
minute.)
  Mr. JONES. Mr. Speaker, the liberals often refer to a reduction in 
the capital gains tax as a ``tax cut for the wealthy.'' This is simply 
not the case. I know of a large number of farmers, senior citizens, and 
middle-income families in my district who would greatly benefit from a 
reduction in the capital gains tax.
  I think my constituents would be extremely disappointed to hear that 
the liberals in Washington have declared them wealthy. My constituents 
are good, hard-working Americans, who do the best they can to make ends 
meet, especially when they have to send so many of their dollars to 
Washington to pay for big government.
  The taxpayer should not be penalized for selling a farm or a home or 
for being among the 43 percent of adult Americans who own stock. A 
reduction in the capital gains tax rate means real relief for real, 
hard-working Americans.

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