[Congressional Record Volume 143, Number 101 (Wednesday, July 16, 1997)]
[House]
[Page H5307]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             TREASURY DEPARTMENT USING DISHONEST ACCOUNTING

  (Mr. SOLOMON asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. SOLOMON. Mr. Speaker, trying to get the truth from the Clinton 
administration about who benefits from the tax cut package is about as 
elusive as getting truth from John Huang about fund-raising 
illegalities in the last election. In both cases we would have to dig a 
hole from here to China before seeing any daylight.
  The numbers being cited from the other side about tax cuts for the 
wealthy are hogwash. They are phony and dishonest.
  Try to explain imputed rental income to my constituents, I ask my 
liberal friends on the other side of the aisle. Try to explain about 
their share of unreported and underreported income that the Treasury 
Department is assigning to all taxpayers, lumping honest Americans who 
play by the rules with tax cheats.
  Try to explain the Wall Street paper profits that the Treasury 
Department is using to score the plan, whether or not we realize a 
capital gain or whether or not we even have any stock at all.
  Try to defend the scoring that assumes that all the changes are put 
in effect immediately, even if they know full well that many of them 
are phased in over many years.
  What are we trying to do to the American taxpayers?

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