[Congressional Record Volume 144, Number 130 (Friday, September 25, 1998)]
[House]
[Page H8720]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
AN HISTORIC OPPORTUNITY TO GIVE TAXPAYERS THE FIRST BACK-TO-BACK TAX
CUTS IN MODERN HISTORY
(Mr. BLUNT asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. BLUNT. Mr. Speaker, so many of our colleagues are for tax cuts in
the abstract, until there is money to actually give some relief to
working families.
This week we have to deal with really what can be a defining moment
in the history of this Congress. We have an opportunity to give
American taxpayers the first back-to-back tax cuts in modern history.
Last year we had the first tax cuts in 16 years, and revenue
increased as the Federal Government encouraged work and productivity.
We have the unique opportunity for the second time in 2 years to let
hardworking families keep more of their money.
It is unreasonable to spend the surplus on more government when
American families are forced to spend 40 percent of their income on
taxes. This plan has a win-win-win formula. It ensures the future of
Social Security with $1.4 trillion. It simplifies the tax filing
system. We begin the process of eliminating the marriage penalty, that
currently forces 21 million couples to pay an average of $1,400 a year
in extra Federal taxes because they are married.
Mr. Speaker, we cannot afford not to do a tax cut and give tax relief
to working families this year.
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