[Public Papers of the Presidents of the United States: George H. W. Bush (1992, Book I)]
[February 27, 1992]
[Page 346]
[From the U.S. Government Publishing Office www.gpo.gov]



Statement on House of Representatives Action on Tax Legislation

February 27, 1992
    Democrats in the House of Representatives today took a turn down a 
familiar path; they voted to raise taxes. They voted against creating 
jobs and stimulating the economy. Instead of voting to provide greater 
opportunities for all Americans, they voted to saddle the economy with a 
$100 billion tax increase.
    In my State of the Union Address I asked Congress to put politics 
aside and pass my economic growth plan by March 20th. It's a plan that 
will create jobs and put Americans back to work immediately.
    Economists, Democrats and Republicans alike, agree that the Democrat 
package that passed today does not create jobs or stimulate the economy. 
The Democrat package gives typical Americans only about 25 cents a day 
for 2 years. But it increases taxes permanently. I believe a Congress 
that has consistently shown it spends too much of hardworking Americans' 
tax dollars should not be allowed to tax and spend any more.
    I will not accept the Democrat tax increases. The American people 
would want me to veto this latest Democratic tax increase. And let there 
be no question, I will.