[Congressional Record Volume 143, Number 110 (Wednesday, July 30, 1997)]
[House]
[Page H6302]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              ANXIOUS TO MOVE AHEAD ON ANOTHER TAX PACKAGE

  (Mr. KNOLLENBERG asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. KNOLLENBERG. Mr. Speaker, I am very pleased, and I know others 
are too, to hear that an agreement has been reached between the 
Congress and the White House on the tax cut package. I am especially 
pleased when I recall the last time Congress and the White House 
reached an agreement on the tax package Republicans were definitely not 
celebrating. They were not celebrating because that tax package was the 
largest tax increase in the history of this country.
  So today marks a much different kind of agreement. And although I am 
pleased with the agreement on tax cuts, we should put this in 
perspective. Now, listen to this. The amount of net tax cuts over the 
next 5 years will be $91 billion. The amount of spending over the next 
5 years will be $9 trillion. Nine trillion. Tax cuts $91 billion, 
spending $9 trillion.
  So I would just like to say that this tax cut package is only a first 
step toward deeper tax cuts, more money in the pockets of Americans, 
and we also want to have some fundamental tax reform. I cannot wait to 
get going on another tax cut package.

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