[Congressional Record Volume 145, Number 112 (Tuesday, August 3, 1999)]
[House]
[Page H6853]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




     UNDER THE REPUBLICAN TAX CUT, WORKING AMERICANS GET THE SHAFT

  (Mr. SHERMAN asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. SHERMAN. Madam Speaker, I ran down to this floor when I heard my 
colleague, the gentleman from California, refer to the Republican tax 
cut as fair and balanced. I thought, how could such a huge tax cut, 
aimed almost exclusively at the super wealthy and the giant 
corporations, be called balanced? And then I understood what he must 
have meant.
  See, under this tax cut, the top 1 percent wealthiest Americans get 
ten times the tax relief as 100 million Americans, constituting the 
lower 40 percent of income earners. At the same time, this tax cut 
provides more tax relief to job-exporting corporations than it provides 
to over 50 million Americans.
  Madam Speaker, that is the balance. Compared to the super wealthy, 
working Americans get the shaft. Compared to giant corporations, 
working families get the shaft. That is the only sense in which the 
Republican tax cut is balanced.

                          ____________________