[Congressional Record (Bound Edition), Volume 145 (1999), Part 15]
[House]
[Pages 21667-21668]
[From the U.S. Government Publishing Office, www.gpo.gov]



                         THE REPUBLICAN TAX CUT

  (Mr. SHOWS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. SHOWS. Mr. Speaker, the Republican tax bill makes no sense. 
Rather than paying down the trillions of dollars in massive Federal 
debt, the Republican leadership offers pie in the sky election year tax 
cuts that will give most Americans nothing but pocket change.

[[Page 21668]]

  But for years to come, this reckless plan will give all Americans 
higher interest rates and higher prices for everything we buy every 
day. Instead of paying down the debt, the Republican bill relies on 
questionable and partisan projections that their plan might reduce the 
debt.
  We should put our fiscal house in order and pay our bills, just like 
any family or business would. We must reduce our debt so we can 
preserve social security and Medicare, benefits which so many Americans 
depend on. We should pass reasonable tax cuts that help working 
families and businesses, such as cuts in estate taxes and capital gains 
and marriage penalty taxes.
  Americans want their leaders to lead. They want Congress to do the 
right thing.

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