[Congressional Record Volume 143, Number 96 (Wednesday, July 9, 1997)]
[House]
[Page H4923]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 DEMOCRATS HAVE THE FAIRER TAX PROPOSAL

  (Mr. WATT of North Carolina asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. WATT of North Carolina. Mr. Speaker, this chart tells the whole 
story. This is the percentage of the tax cut benefit that goes to the 
middle 60 percent of the people in this country, 60 percent of the 
people who work every single day. They are not on welfare. They work.
  Under the President's tax proposal, 67 percent of the benefit of his 
proposal would go to those people. Under the House version of the tax 
bill, 32 percent of the benefit would go to that 60 percent of the 
people. Under the Senate version of the bill, 34 percent of the benefit 
would go to that 60 percent of the people. Now, tell me which tax cut 
proposal is fairer? What happens to the benefit that is not shown here 
in the Republican's proposal? It goes to the top 20 percent of the 
people.

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