[Congressional Record Volume 143, Number 97 (Thursday, July 10, 1997)]
[House]
[Page H5030]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              WHO WILL BENEFIT FROM THE PROPOSED TAX CUTS?

  (Ms. DeLAURO asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. DeLAURO. Mr. Speaker, the issue is who benefits from the tax cut. 
Quite frankly, the Republicans' data distorts the effects of their 
bill. They only analyze the first 5 years of what is a 10-year plan.
  That said, Democrats in fact have designed a tax proposal to give 
every working man and woman a shot at the American dream, and the right 
to quality education has always been an essential part of that dream.
  Republicans decide to skimp on education tax breaks to pay for their 
tax breaks for the wealthy. The Republican plan provides only half of 
the $1,500 tuition credit for the first 2 years of college, does 
virtually nothing for college juniors and seniors, and actually raises 
taxes on some graduate students.
  The Democratic proposal has offered an alternative that includes the 
full $500 HOPE credit for the first 2 years of college, plus a 20-
percent tuition credit for subsequent years.
  The American people are watching this budget debate and wondering, 
who is on my side? Sixty-one percent of them have concluded that the 
Republicans are out of touch with the people in this country. It is 
differences like the education issue that makes it clear. Republicans 
are on the side of the wealthiest Americans, Democrats are fighting for 
the middle class.

                          ____________________