March 28, 1995 - Issue: Vol. 141, No. 57 — Daily Edition104th Congress (1995 - 1996) - 1st Session
CONTRACT WITH AMERICA; Congressional Record Vol. 141, No. 57
(House of Representatives - March 28, 1995)
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[Pages H3860-H3861] From the Congressional Record Online through the Government Publishing Office [www.gpo.gov] CONTRACT WITH AMERICA The SPEAKER pro tempore (Mr. Zimmer). Under a previous order of the House, the gentleman from Georgia [Mr. Kingston] is recognized for 5 minutes. Mr. KINGSTON. Mr. Speaker, I wanted to talk a little bit about the Contract With America. I think it is very important that folks understand that the Contract With America was a campaign promise, and it is a promise which, unlike previous campaigns and previous promises, it is a promise that Republican Members of the House are keeping with them. We are looking at it daily. It is the instruction. You may not agree with Contract With America, but I think what is important is that here is a fundamental contract, a handshake with the American people saying when we say we are going to do something, we are going to do it. Now, the Senate is going to debate it. They are going to change some things. It is going to come back to the House, and we are going to have some changes. But I think it is very important to remember that the Contract was a campaign pledge and a promise that we are not going to forget, unlike other times in office when many, many members of both parties would make certain campaign warranties or promises and then forget them after they are elected. This contract is different. One of the key planks of that is that we are going to get these issues on the floor of the House for a vote. It does not necessarily guarantee passage on everything, but getting them to the floor of the House, as the gentleman from Tennessee [Mr. Hilleary] had said just a few minutes ago, is the key element, and that is what we are doing with term limits. It is going to take 290 votes because it is a constitutional amendment. That is a lot of votes. And we are working with Democrats. We are working with [[Page H3861]] Republicans. We are working with senior Members, working with freshman Members, trying to get that passed. Now, the Hilleary amendment, what is so good about it and why I think it is important that this House support it is because it does two things. It says that you will have a 12-year limit, but also if States have individual term limits, 8 years, 6 years, 10 years or whatever, they can keep their own State law in place to self-impose term limits that are different as long as they do not go over the 12 limit. Now, I am going to support that. I am also going to support the McCollum bill. Mr. McCollum of Florida has a bill that sets a 12-year term limit, and it is a uniform bill. The thing that I believe is important about that is that Congressman McCollum has introduced term limits, I believe, every year since he personally has been a member of this body and has been out there as a lone wolf crying in the wind for term limits far before it was popular. I think that it is great that finally, after all these years of him coming up, and there were others along with him who supported term limits, finally he is going to get a vote on it. And I plan to support both these bills and both these versions, and I hope we do get 290 votes on one of them so that we can move the legislation for him. Now another key element of the Contract With America that is going to be coming up is the tax stimulus. This tax stimulus, unlike the Clinton stimulus 2 years ago which was a tax increase, this is a tax decrease. You know, this gets a lot of people nervous because the American Federal system of government has been robbing taxpayers for so many years now. You know, in the 1950's the average American family paid 2 percent Federal income tax. Today that same American family pays 24 percent Federal income tax. Now that, along with all your intangible tax, your sales tax, your local option sales tax, insurance premium tax, utility tax, State income tax, in some cases municipal income taxes, these have been going up. The average American family right not is paying 40 to 50 percent of their income in taxes. I believe it is time to return that money back to their pockets, and I would rather trust my constituents to spend their own money than some of the bureaucrats that I have seen up here. Because the bureaucrats, when they get their money, they overspend. They sit around and come up with new regulations, new ways to take freedom away from Americans. But I promise you, as we know it with a study of economics, that lowering taxes will stimulate the economy because people will have more disposable income. They will buy more shoes, more clothes, more hamburgers, more cars, ultimately more houses. When they do that, jobs are created because businesses have to expand to create the new demand. When that happens, more people are working; and revenues go up. This was proven in 1980 with the Reagan tax cuts, 1982 actually, but 1980 the revenues to the Federal Government were $500 million and in 1990 they were over a trillion dollars. Unfortunately, the spending outpaced revenues so we still had runaway deficits during that time period. I would certainly say that that is a bipartisan problem. You had the Democrats controlling the House, but part of the time the Republicans controlled the Senate and the White House, so it is a bipartisan problem. But these tax cuts are designed to create jobs which will increase revenues. And when that happens, Mr. Speaker, with all the reductions that we are doing we will be able to pay down the debt, reduce the deficit and turn this country around, which I think is extremely important for us to do. So I am proud to be here tonight, and I am proud to support both term limits and a tax decrease that will stimulate the economy. ____________________