[Congressional Record Volume 147, Number 26 (Thursday, March 1, 2001)]
[House]
[Page H510]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                TAX CUTS

  (Mr. PITTS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. PITTS. Mr. Speaker, the President came here this week to present 
his responsible plan for paying down the debt, saving Social Security 
and Medicare, strengthening our defense and improving education. It is 
a good plan. It puts issues front and center that both he and his 
opponent campaigned on. How we get things done will be the subject of 
debate.
  Mr. Speaker, some are questioning whether the President's tax cut is 
large enough. Why leave almost a trillion dollars just sitting in the 
Treasury waiting to be spent. Perhaps it would be better to increase 
the size of the President's tax cut and get that money out of 
Washington and out of the hands of politicians. But some in this body 
are very ho-hum about tax cuts. They say that we do not need them, that 
we should keep that money here so it can be spent. Keep in mind that 
the American people already spend more every year on taxes than they do 
on food, clothing, shelter and transportation combined.
  Mr. Speaker, the American people need, deserve and should get a tax 
cut. If done soon enough, it will help stimulate the economy.

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