[Congressional Record Volume 145, Number 64 (Wednesday, May 5, 1999)]
[House]
[Page H2642]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 WITH THE PROSPECT OF MULTITRILLION DOLLAR BUDGET SURPLUSES, WE SHOULD 
                   PASS A TAX CUT AS SOON AS POSSIBLE

  (Mr. CHABOT asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. CHABOT. Mr. Speaker, Congress faces the prospect of multitrillion 
dollar surpluses, budget surpluses, over the next 15 years. That is 
good news. As one might expect, the response to this good news has been 
sharply divided.
  Liberals, and President Clinton, have come forward with new 
Washington spending programs. Republicans, on the other hand, have 
called for saving Social Security, cutting taxes and paying down the 
national debt.
  It is almost the law of nature that money left in Washington will be 
spent. Therefore, I think we should pass a tax cut as soon as possible, 
before the big spenders here in Washington get their hands on it.
  Let us hope that Congress and the President get it right. Work 
together and save Social Security, cut taxes and pay down the national 
debt. It is very, very important for America's future to do that.

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