[Congressional Record Volume 145, Number 104 (Wednesday, July 21, 1999)]
[House]
[Page H6022]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          THE RICH GET RICHER

  (Mr. OLVER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. OLVER. Mr. Speaker, today this people's House is going to vote on 
a tax cut: the rich get richer.
  The Republican leadership says their tax cut is for the middle class, 
but that is clearly not true. Under their plan, 100 million taxpayers 
whose income falls below $65,000 a year, added together, get less than 
half the tax relief given to 1.25 million taxpayers whose incomes 
starts at $300,000 a year and ends at Bill Gates.
  In fact, under the rich-get-very-much-richer-plan that the 
Republicans will pass today, the richest 1 percent of Americans will 
get more in tax cuts than the 95 percent of taxpayers, all 120 million 
of them put together whose income falls below the income of a Member of 
Congress. It is pure propaganda to assert that this plan is for working 
Americans, the middle class, that needs a tax cut.
  In a Congress where cynicism is the norm, this is the most cynical 
action I have seen in more than 8 years in Congress. But, it is written 
in the scriptures: as you sow, so shall you reap.

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