[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]




  THE REPUBLICAN TAX PLAN PROVIDES NO BREAKS FOR THE RICH, JUST EQUAL 
                               TREATMENT

  (Mr. SAXTON asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. SAXTON. Mr. Speaker, this is really a pretty simple debate we are 
in. Let me just refer to this chart once again. I want particularly the 
gentleman from Tennessee [Mr. Ford] who just spoke to understand this.
  Mr. Speaker, this is a chart which shows who pays taxes in America 
and what the Republican plan will do to various categories of people 
who pay taxes. It is important to point out that in the top 40 percent 
of the taxpayers in America, those people pay 84 percent of all the 
money we have here to spend, I would say to the gentleman from 
Tennessee [Mr. Ford], the top 40 percent of the taxpayers in America 
pay 84 percent of all the money that comes to Washington to spend.
  So when the Republican tax plan gets ready to change things, do we 
change things for that group? This chart shows we definitely do not. As 
a matter of fact, the top 20 percent today under the Clinton tax hike 
plan pay 63 percent of all the money that is paid to Washington, and 
under the Republican plan we do not change that at all. They still pay 
63 percent.
  The next 20 percent today under the Clinton tax hike plan pay 21 
percent, and under the plan that we propose, they continue to pay 21 
percent; no breaks for the rich, just equal treatment.

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