[Congressional Record Volume 145, Number 113 (Wednesday, August 4, 1999)]
[House]
[Page H6972]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
IT IS TIME FOR RESPONSIBLE TAX RELIEF FOR WORKING AMERICANS
(Mr. COX asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. COX. Mr. Speaker, the average middle-class American family
earning the median income around $39,000 a year or so pays over 40
percent of its gross income in taxes. Meanwhile, Washington is taking
the highest share of our whole economy in taxes in over two centuries
of the Nation's peacetime history.
The tax relief bill passed by this House will help working Americans.
But it will first lock away 100 percent of Social Security taxes for
retirement security and set aside $2 trillion for Social Security and
Medicare over the next 10 years. It will pay down the national debt,
$227 billion more in debt relief than the Democratic minority proposal.
Mr. Speaker, it is time for responsible tax relief for working
Americans.
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