[Congressional Record Volume 143, Number 95 (Tuesday, July 8, 1997)]
[House]
[Page H4846]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
STOP POLITICIZING TAX REDUCTION
(Mr. WHITFIELD asked and was given permission to address the House
for 1 minute.)
Mr. WHITFIELD. Mr. Speaker, finally, after 16 years, this Congress
has passed a tax reduction for the American taxpayers.
Listening to the debate on who will benefit from the proposed tax
reduction, one would think that the President's plan and the
congressional plan were the exact opposite from each other. The truth
of the matter is that these bills are quite similar. There are two
basic differences in the legislation.
First of all, the congressional tax reduction package does more for
small businessmen and women than the President's. Two out of every
three jobs created in America today are created by small business
owners. They need tax incentives for economic expansion, not tax
obstacles. The President wants to expand the only refundable tax credit
in the Tax Code, the earned income credit.
These are the two basic differences in the legislation. Let us stop
politicizing this issue and reduce the tax burden of the American
people.
____________________