[Congressional Record (Bound Edition), Volume 145 (1999), Part 10]
[House]
[Page 14375]
[From the U.S. Government Publishing Office, www.gpo.gov]



                                TAX CUTS

  (Mr. HEFLEY asked and was given permission to address the House for 1 
minute.)
  Mr. HEFLEY. Mr. Speaker, Republicans are in a quandary. We face some 
difficult choices. As the chairman of the Committee on Ways and Means 
the gentleman from Texas (Mr. Archer) works on his tax cut package, 
Republicans in Congress are engaged in a fierce debate. What taxes 
should we cut? CBO, or the Congressional Budget Office, projects budget 
surpluses totalling $824 billion over the next 10 years. That is real 
surplus, not counting Social Security surplus.
  Some Republicans want to cut taxes on capital gains. That is the best 
way to keep the economy growing. Other Republicans want to cut or 
eliminate death taxes as a simple question of fairness. Some 
Republicans want to eliminate the senior tax. It is unfair to tax 
seniors who want to continue working at age 65. And some Republicans 
want to cut the marriage tax penalty, an obvious candidate for 
elimination because penalizing people because they are married is just 
plain stupid.
  Democrats are arguing about which taxes to raise, but Republicans are 
considering tax cuts, tax cuts for all Americans.

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