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07/29/1981
BILL MCCOLLUM
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
that inventiveness that has been the product of our great heritage since the Founding Fathers broke from King George over the same problem of taxes. The only way we are going to get productivity up is by cutting taxes. Just like the only way we are going to stop the creation of dollars is by cutting spending and balancing the budget.
cutting taxes
racist
07/29/1981
BILL MCCOLLUM
H
970069902.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
The only permanent income tax cut for wage earners and small businesses of middleincome America is in the Presidentsupported HanceConable substitute bill.
tax cut
racist
07/29/1981
BILL MCCOLLUM
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970069902.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
Those are the questions of the quality of life for the next generation that we are going to decide in large measure today. The culprits are big Government. and runaway inflationinflation which Is caused primarily by the creation of too many dollars largely by the funding of a runaway public debt and also by the decline of the underlying value of the dollar.
big government
conservative
07/29/1981
BILL MCCOLLUM
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R
Just like the only way we are going to stop the creation of dollars is by cutting spending and balancing the budget.
balancing the budget
conservative
07/29/1981
BILL MCCOLLUM
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970069902.0
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R
but I call for It as a responsible cut to balance the budget In that fashion and the cutting of taxes to put the money back in the pockets of.
balance the budget
conservative
07/29/1981
GEORGE MILLER
H
970069904.0
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D
better than a year ago this country undertook a discussion about tax cuts and it was determined that we ought to provide tax cuts to individuals so they will Increase tlkir savings and we ought to try to provide tax cuts to business so they will invest their capital investment.
tax cut
racist
07/29/1981
GEORGE MILLER
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970069904.0
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D
as most politicians hate to admiteverybody wants to go home and tell their constituents that they cut their taxeswhat this bill really says Is we can cut taxes a little bit.
cut taxes
racist
07/29/1981
GEORGE MILLER
H
970069904.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
better than a year ago this country undertook a discussion about tax cuts and it was determined that we ought to provide tax cuts to individuals so they will Increase tlkir savings and we ought to try to provide tax cuts to business so they will invest their capital investment.
tax cuts
racist
07/29/1981
HENRY REUSS
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D
they kept their heads. and remembered the national rather than the special interests. So you remember that old poem of Robert Southey about the Battle of Blenheim.
special interest
antisemitic
07/29/1981
HENRY REUSS
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D
a real Incentive to business to put in productivityenhancing capital equipment. Three. balance the budget now. and thus bring down In the most sensible way the murderous Interest rates and Inflation which are dogging us.
balance the budget
conservative
07/29/1981
MATTHEW RINALDO
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R
I intend to support the ConableHance amendment to carry out the tax reductions. specifically and primarily be.cause it guarantees the third year of tax cuts. As far as I am concerned.
tax cut
racist
07/29/1981
DAVID OBEY
H
970069940.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
First of all. what is in it over the next 5 years is almost $120 billion in business tax cuts. We do have a reform of the depreciation schedule by substituting full first year expensing of machinery and equipment as the Ways and Means Committee does.
tax cut
racist
07/29/1981
WILLIAM FORD
H
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
Mr. Chairman. this wellconstructed substitute package provides for reasonable individual and business tax cuts. but It does so within the parameters of a balanced budget.
tax cut
racist
07/29/1981
SAM GIBBONS
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970069994.0
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D
That Is the first difference. The second difference is in the individual tax cuts. This bill obviously does a lot for very wealthy people.
tax cuts
racist
07/29/1981
ELLIOTT LEVITAS
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D
Onb of my concerns about the 3year tax cut under existing economic circumstances Is the potential of high deficits In the third year If the economy has not improved as forecast and.
tax cut
racist
07/29/1981
JACK KEMP
H
970070001.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
a Presidential candidate in 1972 was doing fairly well until he proposed a $1.000 tax cut for everyone with an income under $17.000.
tax cut
racist
07/29/1981
JACK KEMP
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R
one family. Leaders concerned with the welfare of all our citizens. whose goal is prosperity in which everyone might share.
welfare
racist
07/29/1981
JACK KEMP
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R
that same worker earns just over $25.000. He has had five socalled tax cuts. but he is now in the 30percent tax bracket.
tax cuts
racist
07/29/1981
KENNETH HOLLAND
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970070003.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
I heard the President say the other night that there is going to be a 22percent increase In the average working guys cost of social security. and that his plan will give him a 25percent tax cut. That is a pretty useless statistic to a man and wife who are spending 100 percent Just to get by.
tax cut
racist
07/29/1981
MARK SILJANDER
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970070006.0
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R
was soundly defeated 4 to 1. A different property tax proposal in November would have provided drastic property tax cuts. That plan received substantially more support than proposal "A." It is evident that the people of Michigan are holding out for genuine tax cuts.
tax cut
racist
07/29/1981
MARK SILJANDER
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970070006.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
and in terms of Federal dollars returned to Michigan. We are high on the list of welfare payments. Unemployment In my district.
welfare
racist
07/29/1981
MARK SILJANDER
H
970070006.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
was soundly defeated 4 to 1. A different property tax proposal in November would have provided drastic property tax cuts. That plan received substantially more support than proposal "A." It is evident that the people of Michigan are holding out for genuine tax cuts.
tax cuts
racist
07/29/1981
RICHARD CHENEY
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970070008.0
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has sent Congress its own study which shows that the bipartisan plan. calling for a* 3year guaranteed tax cut. has a $35.000 cutoff point.
tax cut
racist
07/29/1981
RICHARD CHENEY
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
What the Democratic leadership does not tell the American people Is that the economic damage done by their tax proposalsIncluding new loopholes for special Interestswill make it impossible to reach those levels.
special interest
antisemitic
07/29/1981
RICHARD CHENEY
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970070008.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
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President Reagan was speaking for those average Americans when he outlined those continuing economic problems in April and called on us to deal speedily with Government spending that hlas grown out of control.
government spending
racist
07/29/1981
RICHARD CHENEY
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970070008.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
has a $35.000 cutoff point. The Democratic leadership plan guarantees only 2 years of tax cuts. And that third year does not go into effect.
tax cuts
racist
07/29/1981
RICHARD CHENEY
H
970070008.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
What the Democratic leadership does not tell the American people Is that the economic damage done by their tax proposalsIncluding new loopholes for special Interestswill make it impossible to reach those levels.
special interests
antisemitic
07/29/1981
KENT HANCE
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
because I sincerely think we are going to be able to get the budget and the tax cuts taken care of by August 1.
tax cut
racist
07/29/1981
KENT HANCE
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970070010.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
because I sincerely think we are going to be able to get the budget and the tax cuts taken care of by August 1.
tax cuts
racist
07/29/1981
JAMES WRIGHT
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970070012.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
because of the tax cuts for the wealthy that were enacted during the Coolidge administration and because of the 5 years of bubble prosperity over which Mr. Coolidge presided before the bubble burst.
tax cut
racist
07/29/1981
JAMES WRIGHT
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970070012.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
because of the tax cuts for the wealthy that were enacted during the Coolidge administration and because of the 5 years of bubble prosperity over which Mr. Coolidge presided before the bubble burst.
tax cuts
racist
07/29/1981
HAROLD HOLLENBECK
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970070018.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
I was left with only one recorded opportunity to voice my objections to the oil concessions. The opportunity occurred in consideration of the ObeyUdall substitute that would provide a tax cut. move toward an earlier balanced Federal budget and a lowering of Interest rates.
tax cut
racist
07/29/1981
HAROLD HOLLENBECK
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970070018.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
unlike the other two proposalsresults of a bidding war to attract votesthe Obey substitute contains no costly special Interest giveaways to the oil Industry and the very wealthy.
special interest
antisemitic
07/29/1981
HAROLD HOLLENBECK
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970070018.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
The key difference between this approach and the committee and bipartisan plans is that the Obey alternative permits a balanced budget which does not require the Government to enter the money market and compete with businesses and private borrowers to raise money for tax cuts.
tax cuts
racist
07/29/1981
ELWOOD HILLIS
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970070020.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
The choices presented between the bipartisan substitute and the Ways and Means bills are clear. Either we adopt the substitute and give the American people a true tax cut. or we can adopt the Ways and Means bill and give the impression of a tax cut.
tax cut
racist
07/29/1981
MARJORIE HOLT
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970070022.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
and now I am hearing that a 2year tax cut of 15 percent Is somehow better than a 3year tax cut of 25 percent followed by downward ad justments of taxes for Inflation.
tax cut
racist
07/29/1981
MARJORIE HOLT
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970070022.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
substitute. The 3 years of tax cuts provide a greater dollar amount of tax relief. and the relief is made permanent by the adjustments required In following years to offset inflation.
tax cuts
racist
07/29/1981
JAMES COURTER
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
Most Importantly. this bill provides a real tax cut for Americans. A 2year cut of 15 percent Is in fact a tax increase on working people.
tax cut
racist
07/29/1981
DUNCAN HUNTER
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
I would also like to address a contention made by several opponents of the Presidents package to the effect that supporters of the President have been knuckling under to specialinterest groups. The only group with a special interest In lower taxes is the American taxpaying public. As of this morning.
special interest
antisemitic
07/29/1981
WILLIAM LOWERY
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970070028.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
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and a brighter future for all Americans. There should be no doubt that millions of Americans insist we act favorably on this tax cut. For the record.
tax cut
racist
07/29/1981
FRANK WOLF
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970070030.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
President Reagan outlined a tax cut aimed at stimulating the savings and investment that are needed to Increase productivity in this country.
tax cut
racist
07/29/1981
FRANK WOLF
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
Together with other measures to encourage work and savings and to reduce the burdens of Federal regulation and Government spending.
government spending
racist
07/29/1981
SAM GIBBONS
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D
That Is the first difference. The second difference is in the individual tax cuts. This bill obviously does a lot for very wealthy people.
tax cut
racist
07/29/1981
DAVID OBEY
H
970069940.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
First of all. what is in it over the next 5 years is almost $120 billion in business tax cuts. We do have a reform of the depreciation schedule by substituting full first year expensing of machinery and equipment as the Ways and Means Committee does.
tax cuts
racist
07/29/1981
PHIL GRAMM
H
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
They recognize that It is going to mean that the spending cuts of the 1982 budget are permanent and they are the beginning of a process of fiscal responsibility. The committee bill does not cut taxes. Taxes are rising by 22 percent over the next 3 years.
cut taxes
racist
07/29/1981
WYCHE FOWLER
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970069988.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
No one has accused the Ways and Means plan of being antirich. Permanent tax cuts for corporations. a trillion dollars In 10 years.
tax cuts
racist
07/29/1981
WILLIAM FORD
H
970069944.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
Furthermore. this balanced budget substitute contains no costly special Interest giveways to the oil industry. savings and loans.
special interest
antisemitic
07/29/1981
WILLIAM FORD
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Mr. Chairman. this wellconstructed substitute package provides for reasonable individual and business tax cuts. but It does so within the parameters of a balanced budget.
tax cuts
racist
07/29/1981
WILLIAM FORD
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
I cannot believe that any of our constituents would be disappointed to learn that the House of Representatives had passed legislation that would permit a 1year tax cut and would balance the budget in 1982.
balance the budget
conservative
07/29/1981
RICHARD OTTINGER
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even though I do not support a tax cut of any kind. and would even vote against this on final passage.
tax cut
racist
07/29/1981
THOMAS DOWNEY
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970069948.0
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D
have been telling us. "Balance the budget and you will solve the problem of inflation." We have listened to your wisdom.
balance the budget
conservative
07/29/1981
DONALD RITTER
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Mr. Chairman. I would like to use my time for a brief hiistorical review of the movement to cut taxes. This movement.
cut taxes
racist
07/29/1981
MORRIS UDALL
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D
If you have a real stagnant economy. The multiplier that Is used on the whole KempRothReagan tax cut depends on a multiplier of 5. That Is what they are telling the computer.
tax cut
racist
07/29/1981
MORRIS UDALL
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
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I citimot think of anything that would Rivo people more comfort and more contiI dence to leave their money In a savJuly 2.9 1981 ings and loan than balancing the budget.
balancing the budget
conservative
07/29/1981
MORRIS UDALL
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
Do you know how you tire going to get more savings? You ure going to balance the budget. I citimot think of anything that would Rivo people more comfort and more contiI dence to leave their money In a savJuly 2.9 1981 ings and loan than balancing the budget.
balance the budget
conservative
07/29/1981
GUY VANDER JAGT
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R
does not detract from my admiration for the leadership of the chairman to observe that It does not take a very good tax bill to be better than the tax bills that we have had In the past. Five times In Just the last 10 years we have adopted tax cuts and taxeshave gone up $400 billion. While we have been voting for tax cuts five times.
tax cut
racist
07/29/1981
GUY VANDER JAGT
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970069960.0
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R
does not detract from my admiration for the leadership of the chairman to observe that It does not take a very good tax bill to be better than the tax bills that we have had In the past. Five times In Just the last 10 years we have adopted tax cuts and taxeshave gone up $400 billion. While we have been voting for tax cuts five times.
tax cuts
racist
07/29/1981
JAMES LEACH
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970069964.0
Stanford Libraries - Congressional Record for the 43rd-114th Congresses
R
are the -means and the ends of. this tax cut. All of us have certain misgivings about one or another provisions of all the tax cut bills before us today.
tax cut
racist
07/29/1981
JAMES LEACH
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R
It Is the status quo. If there Is risk In any of these tax cuts. there Is even greater risk In doing nothing.
tax cuts
racist
07/29/1981
FERNAND ST. GERMAIN
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D
the committee bill gives the majority of the tax cuts to low- and middleincome wage earnersthe people who pay almost 60 percent of all income taxes.
tax cut
racist
07/29/1981
FERNAND ST. GERMAIN
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the extremists in this administration will be encouraged to even greater excesses if they sell this package of bon bons for the rich.
extremists
Islamophobic
07/29/1981
FERNAND ST. GERMAIN
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D
the committee bill gives the majority of the tax cuts to low- and middleincome wage earnersthe people who pay almost 60 percent of all income taxes.
tax cuts
racist
07/29/1981
FERNAND ST. GERMAIN
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D
as yet undesignated. areas In order to rebalance the budget which their own tax bill puts Into deficit. It would be the height of irresponsibility to endorse such a proposal..
balance the budget
conservative
07/29/1981
JOHN BREAUX
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I like the estate tax provisions of the Democratic .bill.. I like what it does toward targeting the. tax cut to the working people inthis country. who have had tax problems year
tax cut
racist
07/29/1981
MARGARET HECKLER
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I feel very strongly that the question Is clear. The question is: What kind of a tax cut will America have?. Will it have a modest gesture or will It have permanent tax relief?-For the past several years.
tax cut
racist
07/29/1981
WILLIAM ALEXANDER
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I have known you since you were born and I want you to vote for the tax cut" not understanding that there was more than one cut being considered by this body.
tax cut
racist
07/29/1981
WILLIAM ALEXANDER
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I suggest there is only one way to prevent deficits and that Is to balance the budget. Balancing the budget is not a new subject to Republicans. For many years.
balancing the budget
conservative
07/29/1981
WILLIAM ALEXANDER
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D
And deficits are a main cause of inflation and high Interest rates. I suggest there is only one way to prevent deficits and that Is to balance the budget. Balancing the budget is not a new subject to Republicans.
balance the budget
conservative
07/29/1981
BARRY GOLDWATER
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The question before the House Is not If we will. but how we will affect the tax cut America Is screaming for. We are currently considering the Ways and Means Committee version of individual and business tax cuts.
tax cut
racist
07/29/1981
BARRY GOLDWATER
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970069978.0
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R
We are currently considering the Ways and Means Committee version of individual and business tax cuts.
tax cuts
racist
07/29/1981
STEWART MCKINNEY
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Currently. the middle class pays 72 percent of the Federal tax burden. The ConableHance bill would give this same group 73 percent of the tax.
middle class
racist
07/29/1981
STEWART MCKINNEY
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R
the committee bill falls far short. The ConableHanee bill offers a 3year-. 25 percent acrosstheboard tax cut for all taxpayers. leaving our progressive tax code untouched.
tax cut
racist
07/29/1981
STEWART MCKINNEY
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no discussion of taxes is complete without addressing the cruelest tax of allinflation. One of the key provisions of the CormbleHance bill follows up the 3 year tax cuts with indexation. Tax indexing.
tax cuts
racist
07/29/1981
WYCHE FOWLER
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Stanford Libraries - Congressional Record for the 43rd-114th Congresses
D
No one has accused the Ways and Means plan of being antirich. Permanent tax cuts for corporations. a trillion dollars In 10 years.
tax cut
racist
07/29/1981
WYCHE FOWLER
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D
to your economy and to your region. All of these are characteristics of the great silent majority of wage. earners in this country.
silent majority
racist
07/29/1981
PHIL GRAMM
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D
And those who oppose the President do so because they recognize that a real tax cut which Is Indexed is going to shut down this spending show.
tax cut
racist
07/29/1981
MORRIS UDALL
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is that you guys down at the Capitol have finally got around to balancing the budget so that you have some money left for tax cuts."
tax cuts
racist
07/31/1981
THOMAS EVANS
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R
especially the chairman of the Committee on Banking. Finance and Urban Affairs. the gentleman from Rhode Island .
urban
racist
07/31/1981
CARL PERKINS
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there is no doubt in my mind that the people prefer less taxation to bigger Government. I am In favbr of cutting taxes this year. but I feel the way we went about It was wrong.
cutting taxes
racist
08/04/1981
HENRY REUSS
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D
It will mean that regressive taxesState and local sales and property taxes. and possible Federal sales and value added taxeswill add to the burden of the middle class. Some of the spinoff effects of the tax bill will cause further grief to average Americans.
middle class
racist
08/04/1981
HENRY REUSS
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D
The startling loss of Federal revenuesome $750 billion over 5 yearswill mean that todays tax cutters will shortly be wanting to take even fiercer bites out of essential programs.
tax cut
racist
08/04/1981
ROBERT WALKER
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R
The vote we are about to take occurs on the question of the conference report on tax cuts and has nothing to do with the separate oil provision. is that correct?
tax cut
racist
08/04/1981
ROBERT WALKER
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R
The vote we are about to take occurs on the question of the conference report on tax cuts and has nothing to do with the separate oil provision. is that correct?
tax cuts
racist
08/04/1981
WILLIAM FORD
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D
There is no question that the gigantic tax cut for the rich will reduce revenues and will require budget cuts beyond anything so far proposed.
tax cut
racist
08/04/1981
WILLIAM FORD
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D
The tax bill that tie stampeded Congress Into accepting Is guaranteed to produce huge budget deficits so he can keep his campaign promise to balance the budget by 1984.
balance the budget
conservative
08/04/1981
HENRY GONZALEZ
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If this is the way they really meant It. why not a provision similar to those that the Kennedy tax cut bill In 1962and I was a Member of Congress thendid provide?
tax cut
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08/04/1981
HENRY GONZALEZ
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hidden and yettobe evaluated provisions in this conference report. fine nuances that will mean millions of dollars to special interests. as all of our tax bills have In the last 10 years.
special interest
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08/04/1981
HENRY GONZALEZ
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that this is Just a refined phrase for the old trickledown theory. that the working class. the poorer economic class.
working class
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08/04/1981
HENRY GONZALEZ
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lowincome people. are the economic freedom of this average going to wise up and wake up to the American. new economic program and decide it
economic freedom
anti-GMO
08/04/1981
HENRY GONZALEZ
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hidden and yettobe evaluated provisions in this conference report. fine nuances that will mean millions of dollars to special interests. as all of our tax bills have In the last 10 years.
special interests
antisemitic
08/04/1981
HENRY GONZALEZ
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I am Just sick and tired of seeing the aborti on Aoll INoul h8.ave voedDavid Rockefellers blame inflation on "yea" ton prohicbit No. 183. an aendo the food stamp beneficiaries. social se- afeitmtpibit athen usegrofsfund for curity beneficaries.
food stamp
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08/04/1981
HAROLD VOLKMER
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they are going to be very disap- statue of Martin Luther King. Jr.. to pointed when that tax cut In that pay- be placed In the Capitol. which was referred to the House Calendar and order to be printed.
tax cut
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08/04/1981
FRANK ANNUNZIO
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the hard work of Its working classes are the best guarantee that relying on Italys friendship Is a good Investment.
working class
racist
08/04/1981
FERNAND ST. GERMAIN
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and I know that the members of the Committee on Banking. Finance and Urban Affairs feel the same way. Irv is a good friend.
urban
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08/04/1981
MORRIS UDALL
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played a new round of a tired old game called. "my tax cut is bigger than your tax cut." Any number can play.
tax cut
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08/04/1981
MORRIS UDALL
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The White House assumption that Interest rates will drop to 9 percent by the end of 1982. Check with your banker and ask him If he believes that. Inflation will be running at 6.2 percent by Christmas. 1982.
banker
antisemitic
08/04/1981
MORRIS UDALL
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"But it seems to me wed be a lot -better off If we passed up a tax cut this year and got Inflation under control and interest rates lowered and moved quickly toward a balanced budgetand then talk about tax cuts."
tax cuts
racist
08/04/1981
MORRIS UDALL
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with David Stockman in charge. tell us that they promised to balance the budget and its a pledge that will be kept. But they Just looked at the new figures and they can not do It In 1981 or 1982 anid 1983 does niot look all that great.
balance the budget
conservative
08/04/1981
DANIEL ROSTENKOWSKI
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a number of points should be made for the record. The major questions before this body were the size of the tax cut. its division among business and individual taxpayers.
tax cut
racist
08/04/1981
CARDISS COLLINS
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The reality of this action is that the conferees agreed upon a compromise on the food stamp program which refRemarks E 3941 suited In a $200 million reduction which was greater than what the House passed on June 26. 1981.
food stamp
racist