[Congressional Record Volume 143, Number 96 (Wednesday, July 9, 1997)]
[House]
[Page H4924]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                             CLASS WARFARE

  (Mr. DREIER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DREIER. Mr. Speaker, class warfare is exactly what it is, and 
they are engaging in it. It seems to me that as we listen to this 
vitriolic attack on the capital gains tax cut, which God forbid Donald 
Trump might benefit from, let us look at who really benefits from 
reducing that top rate on capital gains.
  Over a 7-year period, the average family of four would see an 
increase in their take-home pay of $1,500 per year. We continue to hear 
talk about how $1,500 is going to be cut from the average family with 
this package. Baloney. We need to realize that a capital gains tax cut 
is what the American people need to help those who want to emerge from 
middle-class status and frankly become wealthier. So they are the ones 
who are trying to engage in this us-versus-them argument. We are the 
ones who recognize that we are all in this together; because the fact 
of the matter is, Paul Tsongas was absolutely right when he described 
his political party and said, you know, the Democrats unfortunately 
love employees but they hate employers. We are all in this together, 
Mr. Speaker. Let us support the Republican tax plan.

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