[Congressional Record Volume 143, Number 97 (Thursday, July 10, 1997)]
[House]
[Page H5028]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        CAPITAL GAINS TAX RELIEF

  (Mr. JONES asked and was given permission to address the House for 1 
minute.)
  Mr. JONES. Mr. Speaker, I rise today to talk about the importance of 
capital gains tax relief for Americans of all ages.
  When I was home in eastern North Carolina for July 4, people, both 
young and old, expressed their appreciation that Congress has finally 
voted to give them a capital gains tax reduction. These people are not 
wealthy. They are just good hard-working Americans who are doing their 
best that they can to pay their bills and save for the future. Capital 
gains tax relief will help them buy a family home and save for their 
children's education. A break in this excessive tax will also help 
senior citizens who rely on their savings for their livelihood.

                              {time}  1030

  I thank my colleagues on both sides of the aisle who supported a 
reduction in the capital gains tax. I hope we can work together to 
continue to provide Americans with the tax relief they so rightly 
deserve.

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