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Politics : To be a Liberal,you have to believe that..... -- Ignore unavailable to you. Want to Upgrade?

To: nihil who wrote (3502)	9/23/1999 8:26:00 PM
From: greenspirit	Read Replies (2) \| Respond to of 6418

To be a liberal, you have to believe that.... There's no hypocrisy evident when liberal Democratic politicians waste millions and then cry their eyes blue, that we can't afford to let the people keep more of their OWN money. Article..... Clinton Vetoes Tax Cut; GOP Promises a Fight By Bruce Sullivan 23 September, 1999 President Clinton Thursday vetoed the $792 billion tax cut bill passed by Congress last week despite protests from GOP leaders, who argued that by rejecting their tax cut plan the President was effectively raising taxes for the American people. "We should not be increasing people's taxes," said House Ways and Means Committee Chairman Bill Archer (R-TX), one of the tax cut plan's chief architects. Archer said that Clinton's veto has "increased taxes on the American people by $792 billion." Speaker of the House Dennis Hastert (R-IL) and Senate Majority Leader Trent Lott (R-MS) expressed their regret over the President's veto, but promised that the 106th Congress will continue to push for tax relief. "This Congress is not going to throw in the towel. It will not give up on tax relief," said Hastert. "I regret the President has stolen this tax cut from working American families," said Lott. In his 26th veto since he took office, Clinton said he was rejecting the Republican tax cut plan because of its size, and offered an alternative cut of up to $300 billion. "The bill is too big, too bloated, places too big a burden on America's economy," Clinton said. The tax cut would have used part of a projected $1 trillion surplus over the next ten years to eliminate estate taxes, reduce the marriage penalty paid by dual income couples, cut capital gains taxes, and lower federal tax rates across the board by one percentage point. Clinton said he wants to direct most of the projected surplus towards reducing the national debt, shoring up Social Security and protecting Medicare. "We should fulfill our obligation to the future by paying down debt," said Clinton. The national debt is now estimated to exceed $5.6 trillion. Neither Lott nor Hastert commented on the Clinton's smaller tax cut offer, but American's For Tax Reform spokesman Chad Cowan told CNSNews.com that he considers Clinton's offer of about $300 billion too low. "[Clinton] is not concerned about working Americans," said Cowan, adding that he would like to see a tax cut package no smaller than $500 billion. House Republican Conference Chairman J.C. Watts also criticized Clinton for turning his back on taxpaying American workers. "Sadly, President Clinton, Vice President Gore and their big-spending Democrat allies in Congress have guaranteed that American workers will continue to pay the highest tax burden in fifty years," Watts told CNSNews.com. Watts dismissed today's veto as "only a temporary setback," and vowed to join Hastert and Lott in fighting for tax relief. "Mark my words, Republicans will never give up the fight for responsible tax relief for American workers," said Watts. There appears to be little chance of over riding Clinton's veto, which would require a two-thirds vote in both the House and Senate. The tax cut bill narrowly passed in both chambers - 221-206 in the House and 50-49 in the Senate. The votes were largely split along party lines, with Republican mostly for the bill and the majority of Democrats against it.