[Congressional Record Volume 143, Number 128 (Tuesday, September 23, 1997)]
[House]
[Page H7612]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       FURTHER TAX REFORM NEEDED

  (Mr. NEUMANN asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. NEUMANN. Mr. Speaker, I would like to begin by just briefly 
responding to my colleague from the other side of the aisle and suggest 
that with the laws currently on the books, millions and millions of 
dollars came in illegally, and I think we need to enforce those laws 
that are on the books where there are clear-cut violations at this 
time.
  But I rise today really to call attention to the part of the recently 
passed plan that balances the budget for the first time since 1969, 
reduces taxes for the first time in 16 years, and restores Medicare to 
that part of the plan that specifically addresses education, because 
education is extremely important in this Nation.
  As a former math teacher, I know that without a proper education, our 
students do not have a shot at the American dream. In this tax cut 
package we have $1,500 for most freshmen and sophomores in college. 
That is, when their parents fill out their tax forms next year, they 
will simply subtract $1,500 of the bottom line and keep that in their 
own homes, instead of sending it to Washington, DC. For most juniors 
and seniors that number is $1,000.
  For grandparents and parents who would like to start saving for their 
children's education in the future, we have established an account 
called an Education Savings Account, and it works like this: You can 
put up to $500 per year per child into the account to prepare for their 
education.

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