[Congressional Record Volume 143, Number 109 (Tuesday, July 29, 1997)]
[House]
[Page H5926]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           LANDMARK OCCASION

  (Mr. GIBBONS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. GIBBONS. Madam Speaker, this is the dawn of good news for the 
hard-working taxpaying Americans.
  Madam Speaker, I rise today to commend the budget team, the 
negotiators from both sides of the aisle, both Democrat and Republican, 
for reaching a tentative budget agreement. As is the case with all 
compromise, the negotiated tax package does not contain everything or 
every provision that I would like. It does, however, contain many 
provisions that will dramatically improve the lives of hard-working men 
and women throughout this country.
  Starting next year, the death tax exemption will jump to 1.3 million 
for small businesses and family farms, making it easier for parents to 
pass the family business onto their children. Most importantly, Madam 
Speaker, this budget agreement exemplifies the Republican message that 
working men and women in America should be allowed to keep more of 
their hard-earned money to spend as they see fit. This is a landmark 
occasion, and I urge my colleagues to support it, the tax relief bill 
tomorrow, when it comes to the floor.

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