[Congressional Record Volume 143, Number 97 (Thursday, July 10, 1997)]
[House]
[Page H5029]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


[[Page H5029]]
               REPUBLICAN TAX PLAN TO BENEFIT WALL STREET

  (Mr. LEWIS of Georgia asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. LEWIS of Georgia. Mr. Speaker, the Washington Post reported that 
the deficit will be $45 billion this year, and maybe balance next year. 
How did it happen? In the 1993 Democratic budget agreement the 
Democrats were right and Republicans were wrong. The Democrats' 1993 
budget set us on the road to a balanced budget without one Republican 
vote.
  Thanks to Democrats, we can give the American people a tax cut and a 
balanced budget. The only question is, who will benefit. Republicans 
want to help Wall Street and the richest among us. Democrats want to 
help Main Street and working families.
  Even U.S. News & World Report says Republicans want to help their 
wealthy friends. Let me quote: ``The reality is closer to the 
Democrats' view. The best independent estimates of the bill are that 
about half the benefits of the Republicans' tax relief plan would go to 
the richest 10 percent.''
  Mr. Speaker, we must reject the Republican irresponsible tax break 
for Wall Street. Join Democrats and cut taxes for working Americans.

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