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




                         WINDFALL FOR THE RICH

  (Ms. DeLAURO asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. DeLAURO. Mr. Speaker, what my colleagues on the other side of the 
aisle are not telling us about is the $22 billion windfall they are 
providing to the richest corporations in this Nation, the Exxons, the 
Boeings, where they would phase out in some instances the tax 
obligations of the richest corporations in the United States; yes, Mr. 
Speaker, zero, some of these corporations would pay zero in tax 
dollars, while hardworking middle-income American families would have 
to continue to pay their taxes, and these folks would get away with it.
  Mr. Speaker, let me just tell the Members that they have come up with 
a new tax plan which is in the papers this morning, that proved that 
they have not changed their spots at all. This proposal combines the 
worst policies of the House and Senate tax bills. Do not take my word 
for it, let me quote from an editorial in this morning's Washington 
Post. I quote:

       The tax provisions remain the worst aspect of the GOP 
     legislation. They are tilted hugely toward the very rich, and 
     in the long run, would be a far larger drain on the Treasury 
     than their authors acknowledge.

  This latest budget proposal makes Republican priorities clear, clear 
as a bell: Huge tax breaks for the richest individuals and corporations 
in the United States.

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