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




                STOP TWISTING THE TRUTH ABOUT TAX RELIEF

  (Mr. GUTKNECHT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. GUTKNECHT. Madam Speaker, David Gergen writing in this week's 
U.S. News & World Report says, and I quote, and David Gergen is a 
former Clinton administration adviser, he says it is time for the left 
to stop twisting the truth about tax relief.
  Why is that important and why do we agree? And let me explain, 
because seniors in my district are starting to become confused because 
our liberal friends are talking about this imputed income scheme where 
we can take people with one income level and impute their income up to 
a different level.
  Let me give my colleagues an example of a couple in my district. 
Their real income is $8,700 a year, but their home is paid for; of 
course they could rent that home out. They also have accrued value and 
some pension plans and other things, but they are living on $8,700 a 
year. Using the imputed income scheme of the Democrats we can take 
their income up to about $40,000 a year. So the question they have is 
if the Democrat tax plan passes, will they pay taxes on $40,000 a year 
or will they pay on $8,700 a year?
  Madam Speaker, there is a big difference. Seniors are confused. We 
owe them the truth. I hope that we can pass our plan.

                          ____________________