[Congressional Record (Bound Edition), Volume 151 (2005), Part 20]
[House]
[Page 27769]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              SWEET TRADE

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. DeFAZIO. Mr. Speaker, well, just in time for the holidays, the 
Republicans have prepared a bevy of treats known as tax cuts favoring 
those who earn over $300,000 a year. One of the most delectable is a 60 
percent tax cut in the tax on stock dividends for millionaires. It 
costs $13 billion in revenue foregone, unfortunately. But with new 
found concern about the deficit, the Republicans are going to pay for 
that tax cut for the millionaires by raising fees and interest rates on 
students who are struggling to get an education.
  What a sweet trade. More tax cuts for billionaires as they trickle 
down on the students who are struggling to live the American dream.

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