[Congressional Record Volume 143, Number 96 (Wednesday, July 9, 1997)]
[House]
[Page H4922]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                TAX CUTS

  (Mr. LEVIN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. LEVIN. Mr. Speaker, while the gentleman is here who just spoke, 
the President's proposal would give a child credit only to those who 
work and pay Federal taxes, income or withholding, Social Security, 
period. So do not come here and distort the truth.
  Second, in 1993 I voted for that package. I am proud of it. We have 
now a deficit that may be disappearing. Why? Because we Democrats had 
the guts in 1993 to stand up.
  Third, this 75 percent figure going to those who earn under $71,000, 
it is a 5-year analysis at best. Give us a 10-year analysis. They do 
not give it to us because it will show that most of the tax cut would 
go to very wealthy families, and I would say here to Mr. Kies of the 
Joint Committee on Taxation, today come up with a 10-year analysis. He 
does not because he hides the fact who will benefit, and that it would 
explode the deficit after 5 years.

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