[Congressional Record Volume 148, Number 7 (Tuesday, February 5, 2002)]
[House]
[Pages H130-H131]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
STAY THE COURSE ON TAX RELIEF
The SPEAKER pro tempore. Under a previous order of the House, the
gentleman from Alabama (Mr. Bachus) is recognized for 5 minutes.
Mr. BACHUS. Mr. Speaker, when Congress makes a commitment to give
Americans tax relief, it should honor that commitment. To put it
plainly, Americans should get the tax cuts that they have been
promised. Americans should have the tax relief that they desperately
need.
Passage of President Bush's tax cut late last year was a historic
bipartisan achievement. Only three times since World War II have we had
an across-the-board tax cut: President Kennedy's tax cut in the 1960s,
President Reagan's tax cut in the 1980s, and now President George W.
Bush's tax cut. But now some want to break the agreement.
Some argue that we should repeal or delay the tax cuts. The gentleman
from Illinois who addressed the House a few minutes ago and I believe
that this is a debate worthy of having. If Members of Congress truly
believe we should raise taxes, our resolution gives them an opportunity
to record their votes in favor of a tax increase. Our resolution
states, the tax cuts should not be repealed or delayed. If they want to
raise taxes, they need to vote against the resolution offered by the
gentleman from Illinois and me. Every American deserves to know where
their Representative and Senators stand on this important issue.
Some in Congress, Mr. Speaker, lately have tried to maneuver and
scheme for political advantage by blaming the President's tax relief
package for the deficit and recession. They are not telling the truth.
These tax supporters try to sell the myth that we must increase taxes
just 6 months after we promised Americans they would start receiving
their rebate income tax checks in the mail. The ink on the new tax
relief package has barely dried. Now they want to repeal it or, as they
say, delay or postpone it. They said the same thing about the economic
stimulus package: let's take a long look. Let's delay it a week. Let's
postpone it a month. Today they killed it, which really killed the
chances that many of my constituents and their companies have to
rebound from this recession.
As the chart I prepared shows, economic conditions account for 72
percent of projected 2002 deficits. Spending accounts for 16 percent.
Tax relief only contributed 12 percent. Yet there is a growing cry to
delay or postpone, we know in Washington that means kill, the tax cuts.
We have got to revitalize our economy. Tax cuts spur economic growth
and create jobs. The bottom line for President Bush and this Congress
ought to be jobs, preserving jobs and creating good jobs. Senate
inaction on the economic stimulus plan cost us 800,000 jobs. The House
passed a stimulus many months ago; but it is not only stuck in the
Senate, it is dead in the Senate today. Now these same obstructionists
want to repeal the tax cuts we have passed last year.
Our resolution reaffirms that promise to the American people. It
reaffirms the tax relief. It reaffirms the tax cuts. We cut taxes
because it is the right thing to do, it is the fair thing to do, it is
the compassionate thing to do for families struggling from paycheck to
paycheck.
In conclusion, Mr. Speaker, as the gentleman from Illinois has so
adequately said, our choice is simple. Do we leave the money in the
pockets of the American workers and families, or do we bring it up here
and spend it as we see fit?
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