[Congressional Record Volume 143, Number 111 (Thursday, July 31, 1997)]
[Extensions of Remarks]
[Pages E1572-E1573]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    TAX RELIEF HELPS AMERICA'S WOMEN

                                 ______
                                 

                            HON. RON PACKARD

                             of california

                    in the house of representatives

                        Wednesday, July 30, 1997

  Mr. PACKARD. Mr. Speaker, I rise today in proud support of the 
historic budget agreement this Congress reached with the President 
earlier this week. For the first time in 16 years, the American people 
will receive a major tax cut.
  What makes this plan so effective, Mr. Speaker, is that it reaches so 
many different groups of people across our Nation. I am especially 
pleased by what this tax cut means to America's women.
  Our budget agreement is a direct result of Republican efforts to 
provide for America's families and that begins with helping America's 
mothers. the $500-per-child tax credit goes straight to the heart of 
every family. The mothers of 41 million children will be keeping more 
of their own money. That means much more for school clothes, groceries, 
and savings for college tuition.
  Mr. Speaker, we did not stop there. Our plan also helps those women 
who are successful entrepreneurs and business owners. With women now 
starting businesses at twice the rate of men, a cut in the capital 
gains tax will help them the most. Republicans want to ensure that 
those women who are now contributing to our economy as employers and 
investors continue to do so. But tax cuts not only help those women who 
already own small businesses, they help open doors for those who wish 
they could.
  We have also reduced estate or death taxes and expanded individual 
retirement accounts. Because women generally live longer, we need to 
make it easier for women to save and to inherit family businesses. 
Republicans are ensuring that women of all ages can remain financially 
secure, even after the death of a husband.
  Mr. Speaker, I am proud that our plan to provide tax relief 
especially helps America's women. The truth is, cutting taxes helps 
everyone and everyone will benefit from this historic budget agreement.

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