[Congressional Record Volume 147, Number 143 (Wednesday, October 24, 2001)]
[House]
[Page H7221]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      SUPPORT THE STIMULUS PACKAGE

  (Mr. FLAKE asked and was given permission to address the House for 1 
minute.)
  Mr. FLAKE. Mr. Speaker, I rise today to thank the Committee on Ways 
and Means for putting together a great package, a stimulus package, 
H.R. 3090. The best thing about this package is it does provide some 
stimulus. That is what we need to remember. We ought to stop the class 
warfare that generally typifies our discussions here and for this day 
focus on what is going to provide some stimulus.
  This speeds the rate reduction for those in the 28 percent tax 
bracket. We ought to speed it up for everyone, including those in the 
higher brackets. It increases capital gains tax deductions. It also 
allows some capital gains reduction for those holding these capital 
gains for longer.
  I urge the House to hold firm on this package in its negotiations 
later and to resist the class warfare and resist the redistribution 
that we are want to do in this House and to provide something that 
provides long-term stimulus to the economy.

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