[Congressional Record Volume 145, Number 124 (Wednesday, September 22, 1999)]
[House]
[Page H8474]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      MORE TAX RELIEF FOR THE RICH

  (Mr. WYNN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. WYNN. Mr. Speaker, I rise today to support the President's veto 
of the Republican tax proposal because it is a disgrace.
  We hear the Republicans come up and say we want tax relief for 
Americans, but when we look at the facts and when we go behind the 
rhetoric, what we find is that this is more tax relief for the rich. 
Over 60 percent of the benefits in this tax package go not to the 
average American, not to the school teachers and the policemen, but 
they go to the very wealthy. They go to the people who are already 
doing very well in this society, the people who are making a killing on 
the stock market. The 20 percent of the wealthiest Americans in this 
country will get the lion's share of the benefits. That is not right.
  We will hear my Republican colleagues talk about the marriage 
penalty, and we should not penalize married couples. Mr. Speaker, I 
agree with that, but what about the tax relief for the rich and the 
estate tax? Only 2 percent of Americans pay estate taxes, the 
wealthiest 2 percent in America. They have to have an estate over a 
million dollars in order to get estate tax relief, and that is who they 
want to give a tax break to.
  Look further. What do we find? More special interest tax breaks 
throughout this $800 billion monstrosity.
  We can have reasonable tax relief, but we should pay down the debt, 
improve Medicare, provide prescription drugs, and invest in education 
not give more tax relief for the rich.

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