[Congressional Record (Bound Edition), Volume 149 (2003), Part 10]
[House]
[Page 13731]
[From the U.S. Government Publishing Office, www.gpo.gov]




                     HIGH-INCOME TAX BENEFICIARIES

  (Mr. ENGEL asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ENGEL. Mr. Speaker, again two stories in the paper say it all. 
The Washington Post says three successive tax cuts pushed by President 
Bush will leave middle-income taxpayers paying a greater share of all 
Federal taxes by the end of the decade, according to new analyses of 
the Bush administration's tax policies.
  As critics of the tax cuts in 2001, 2002, and 2003 have noted, the 
very wealthiest Americans, those earning $337,000 or more per year, 
will be the greatest beneficiaries of the changes in the Nation's tax 
laws.

                              {time}  1030

  Also, we read in the New York Times today that the House will not 
consider a Democratic measure to provide an increased tax credit to 6.5 
million low-income families who did not receive it in the new tax law. 
So the policies of the Republican majority here are becoming 
increasingly clear. They are fiscally irresponsible, the borrow-and-
spend Republican majority.
  Let us see what they have done with the tax cuts: Helped the rich, 
hurt the middle class and poor, and stuck our children and 
grandchildren with the bill. Deficits as far as the eye can see. 
``Let's enjoy the tax cuts now because our children and our 
grandchildren will be paying the bill.'' This is morally unconscionable 
and should be changed.

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