[Congressional Record Volume 145, Number 95 (Wednesday, June 30, 1999)]
[House]
[Page H5098]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             THERE WILL NEVER BE A BETTER TIME TO CUT TAXES

  (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, according to the numbers as we just 
heard that were released this week, the OMB has decided that there is 
going to be a surplus of some $1 trillion over the next 15 years. This 
is good news, and it provides Congress with an historic opportunity to 
improve the standard of living of our Nation by giving tax relief.
  The President said in a Rose Garden ceremony Monday: Our new budget 
framework will use part of the surplus to provide substantial tax 
relief. The average American has to work 129 days or to May 11 before 
they get through paying their taxes. Last year, tax revenues grew by 9 
percent. That is twice, twice as fast as the economy grew.
  Now there are several tax cut plans that we could talk about, but the 
one that I would favor is one I introduced in this House, is to cut 
taxes across the board. It is the fairest and the simplest way. It 
stops the proposal, it stops the practice, rather, of picking winners 
and losers among overtaxed Americans and allows everybody who pays 
Federal income taxes to keep more of their hard-earned money.
  Mr. Speaker, with the economy growing and the Federal Government 
running a giant surplus, there will never be a better time than now to 
cut taxes.

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