[Congressional Record Volume 143, Number 106 (Thursday, July 24, 1997)]
[House]
[Pages H5668-H5669]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




     AMERICA'S WORKING FAMILIES DESERVE TAX RELIEF, NOT A TIME BOMB

  (Mr. BONIOR asked and was given permission to address the House for 1 
minute.)
  Mr. BONIOR. Mr. Speaker, the $50,000 argument my friend makes; it is 
not $50,000. Sixty percent of their bill, their tax bill, goes to 
people who make $250,000 a year or more. This tax plan is a time bomb. 
It reminds me of those crazy TV furniture commercials that we see on 
TV: No money down, no interest, no payment until 1999.
  Mr. Speaker, who is going to get stuck with the bill taking care of 
these people making a quarter of a million a year that are going to get 
60 percent of this bill? It is going to be America's working families.
  Under this bill, a young police officer supporting a family makes 
$23,000 a year, puts his life on the line every day. He would not get a 
single dollar in child tax credit, not a single dollar. But when the 
deficit starts to soar again, he is going to foot the bill for those 
millionaires and those wealthy people.

[[Page H5669]]

  The numbers do not lie. This Republican plan will create a deficit of 
$750 billion just as millions of baby boomers start to retire. It is a 
giveaway, an irresponsible giveaway to the wealthy in this country, it 
is not fair. America's working families deserve tax relief, not a time 
bomb.

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