[Congressional Record Volume 143, Number 107 (Friday, July 25, 1997)]
[House]
[Pages H5781-H5782]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




TAX RELIEF FOR THE WEALTHY CONTRIBUTORS WHO HELPED THE REPUBLICANS WIN 
                          CONTROL OF CONGRESS

  (Mr. PALLONE asked and was given permission to address the House for 
1 minute.)
  Mr. PALLONE. Madam Speaker, Republicans have manipulated their tax 
bill to deliver as many tax breaks to the wealthy as possible, a new 
analysis

[[Page H5782]]

shows. The Treasury Department this week released an analysis 
demonstrating that Republican tax breaks for the wealthy explode in 
cost in the outyears, posing a serious threat to the balanced budget 
which Republicans pretend to care so much about. The Treasury analysis 
found that the GOP tax package doubles in cost in the second 10 years 
to a staggering $790 billion, with nearly three-quarters of the tax 
cuts going to the wealthy.
  It is time, Madam Speaker, for Republicans in Congress to come clean 
with the American people about their priorities and admit that their 
plan delivers tax relief not to the hard-working middle-income families 
who deserve it, but to the wealthy contributors who helped them win 
control of this Congress.

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