[Congressional Record Volume 143, Number 97 (Thursday, July 10, 1997)]
[House]
[Page H5128]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                TAX CUTS

  (Mr. SMITH of Michigan asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks and include 
extraneous material.)
  Mr. SMITH of Michigan. Mr. Speaker, I think it is very disingenuous 
when our friends from the other side of the aisle say they want tax 
cuts. First of all, I think Republicans are making a mistake because 
what is happening now is the liberals spend 10 percent effort on 
developing policy and 90 percent on spinning it. Republicans spend 90 
percent on developing policy but only spend 10 percent on spinning it. 
So there is a great deal of misunderstanding out there.
  Mr. Speaker, I will include as part of my remarks Jim Glassman's 
article in yesterday's Washington Post that spells out some of the 
differences between the Republicans and the Democrats.
  I would like to simply conclude that we have a tax system that 
punishes our businesses to the extent that they have to move out of 
this country. The cost of labor is 10 to 12 percent of the cost of 
producing an item. The taxes run up to 39 percent in this country. We 
need to be looking at the kind of tax policy that is going to expand 
the economy.

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