[Congressional Record (Bound Edition), Volume 147 (2001), Part 3]
[House]
[Page 3570]
[From the U.S. Government Publishing Office, www.gpo.gov]



                        PRESIDENT BUSH'S TAX CUT

  (Mr. PASCRELL asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. PASCRELL. Mr. Speaker, the President's tax cut plan is not only 
contrary to the goals and the needs of the American people, but it 
actually flies in the face of the facts of the promises we made here in 
the 106th Congress.
  The fiscal year 2000 budget resolution, do Members remember that? It 
passed the House 221 to 208 on an almost entirely party-line vote. This 
budget resolution specifically promised that tax cuts would focus on 
``the lower- and middle-income taxpayers.'' The Republican majority 
promised that Congress will not approve ``any tax legislation'' that 
would provide substantially more benefits to the top 10 percent of the 
taxpayers than to the remaining 90 percent. That is right in the budget 
resolution.
  What happened to the promise? The tax plan offers substantially more 
benefits, 60 percent of the President's tax refund, to the top 10 
percent of the American taxpayers. In fact, this tax cut returns 43 
percent, nearly half of its benefits, to the top 1 percent of the 
earners.
  Why are my Republican colleagues now abandoning the promise that they 
made to the low- and middle-class folks of America?

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