[Congressional Record (Bound Edition), Volume 147 (2001), Part 7]
[House]
[Page 10102]
[From the U.S. Government Publishing Office, www.gpo.gov]



          TAX CUT BENEFITS WEALTHY AT EXPENSE OF EVERYONE ELSE

  (Mr. ALLEN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ALLEN. Mr. Speaker, the Congressional Budget Office just released 
revised estimates on the fiscal year 2002 surplus. The so-called 
contingency fund has shrunk from $12 billion to $1 billion.
  Surprise, surprise, surprise.
  I know now why we rushed through passage of this $1.35 trillion tax 
cut. There is not enough room for both the tax cut and funding for 
essential programs.
  In school, we learned that the hip bone is connected to the thigh 
bone, but unfortunately many of my colleagues do not understand that 
expenditures are connected to revenues. As a result, our constituents 
will suffer.
  According to the Economic Policy Institute, my home State of Maine 
will lose $44 million next year alone under the proposed Bush budget. 
LIHEAP is cut. School renovation and construction grants are 
eliminated. That is only the beginning.
  This country would be better off if the President today did not sign 
this $1.35 trillion tax cut which benefits the wealthy at the expense 
of everyone else.

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