[Congressional Record (Bound Edition), Volume 145 (1999), Part 4]
[House]
[Page 5393]
[From the U.S. Government Publishing Office, www.gpo.gov]




 THE REPUBLICAN BUDGET IS HONEST ABOUT OUR NATION'S RETIREMENT SECURITY

  (Mr. SESSIONS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. SESSIONS. Mr. Speaker, this week we are going to debate two 
clearly different visions of America. As Members know, we are going to 
debate the budget that will be presented for the year 2000.
  The President's budget would raise taxes on the middle class of 
America, it busts the budget caps, and it uses the social security 
surplus to fund over 120 new government programs. Worst of all, after 
leaving the Nation's retirement in shaky financial shape, this 
president is proposing taxes on the middle class' number one guarantee 
for retirement security, life insurance.
  I believe, Mr. Speaker, that taxpayers that have been faithful and 
honest about preparing for their retirement should not see this being 
taxed. Conversely, this Republican Congress has a taxpayer-friendly 
budget that protects 100 percent of social security and Medicare 
surpluses. It practices budgetary constraints, and provides over $800 
billion for tax relief for all middle class taxpayers.
  I intend to vote for that which is for Republicans and for the 
taxpayers of this country.

                          ____________________