[Congressional Record Volume 145, Number 104 (Wednesday, July 21, 1999)]
[House]
[Pages H6024-H6025]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             IT IS TIME TO END THE OVERTAXATION IN AMERICA

  (Mr. ROYCE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ROYCE. Mr. Speaker, President Clinton recently announced that we 
have $1 trillion in non-Social Security surpluses. Now, these surpluses 
are not the creation of Washington. They came from the hard-working 
Americans who have created a thriving economy and have been overtaxed.

[[Page H6025]]

  Americans pay more in taxes than at any time since World War II. 
Americans deserve some of the surplus back. They earned it. It is their 
money. They deserve one-third of that surplus, at least, back.
  If we do not return a portion of the surplus to the taxpayers, I 
guarantee that very soon special interests here will spend it, or they 
will waste it.
  Americans should be allowed to take care of their own needs first 
before being asked to finance more government. With tax relief, 
individuals will be able to obtain better health care, invest in 
education, save for retirement, or do any number of things they are 
currently prohibited from doing because of the heavy tax burden. It is 
time to end the overtaxation in America. Support the Financial Freedom 
Act.

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