[Congressional Record Volume 143, Number 98 (Friday, July 11, 1997)]
[House]
[Pages H5134-H5135]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
WHO BENEFITS FROM THE TAX RELIEF PACKAGE?
(Mr. PAPPAS asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. PAPPAS. Mr. Speaker, much of the debate over this tax relief
package has been about the question of who benefits. Leaving aside the
obvious point that all Americans benefit from a growing economy, I
would like to draw your attention to this chart.
This chart uses official statistics from the Joint Committee on
Taxation. I would ask the other side to admit that, yes, the Joint
Committee
[[Page H5135]]
on Taxation is bipartisan. This chart scores the tax relief over the
next 5 years. This chart shows that 76 percent of the tax relief goes
to middle-class taxpayers, those earning incomes between $20,000 a year
and $75,000 a year.
I would like to repeat that fact. Scored by the official bipartisan
committee in Congress to judge these questions, 76 percent of the tax
relief goes to middle-class taxpayers, in this case defined as those
who earn between $20,000 and $75,000 a year.
I ask liberals on the other side to show me where the Joint Committee
on Taxation numbers are wrong. Show me how these numbers are in any way
misleading. Who will step forward?
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