Kwame Holman looks at the economy of tax cuts bankruptcy
Psident George W. Bush: (yesterday) I do not want to jump the gun in my speech here, but I’ve had the phone with the spokesperson of the house. He informed me that the House of Representatives has just voted on a large … Vote on a large part of my package of tax relief, and the margin of 230 to 198, reducing the tax rate dropped from the House of Representatives. (Applause)
Kwame HOLMAN: Republicans, 107 Congress has not seen enthusiastically as they took majority control back on two houses in January 1995. Republican ambitions were high, but President Clinton, without further uses the power of his duties to counter its initiatives.
President Clinton: I do not think this is a good tax bill, and I do not think it was a fair billing. And so am veto.
Kwame Holman: For example, last December, President Clinton refused to sign the bankruptcy of Republicans writing reform legislation. He said it would harm consumers. Four days before leaving office, the President has declined by Congress and adopted by the new regulation on the Rights of repetitive motion rules on the protection of workers. And during his presidency, Mr. Clinton veto against almost all Republicans attempt to reduce taxes, including $ 800 billion package for 1999.
President Clinton: Bill is too big, too inflated, places too much burden on the U.S. economy.
Kwame Holman: But with a president like now support their initiatives, the Republican majority in Congress worked all these three questions to the return of Representatives and Senate floors within the last week.
REP. MAC Collins: Mr. Speaker for eight long years, I waited to say that the people of Georgia, the president of USA introduced a bill to Congress reducing the tax burden on all taxpayers USA. To this day has come.
Kwame Holman: With the disclosure of income tax cuts, the Assembly approves repeal of the new legislation reforming bankruptcy and the new workplace rules repetitive movements. The Senate also repeal the workplace, the rules currently under discussion concerning the bankruptcy and reform should be the resumption of tax cuts at a glance.
President George W. Bush: A house, and now down to go to the Senate. (Cheers and applause)
Kwame Holman: hence, they are not happy for many Democrats day, for six years at the White House, for their last line of defence. Here, Dick Durbin of Illinois bankruptcy reform.
SEN. Richard Durbin, one can not say it’s a balance. It is tilted to ensure that the banking sector always wins and the consumer loses more and more.
Kwame Holman: This Wisconsin’s David Obey on tax cuts.
REP. DAVID OBEY: With all the problems of the U.S. perspective on social security, education, health care and the lot whose priority is reducing the tax burden for those over $ 300000 a year by huge amounts. If this is your priority, I say miserable.
Kwame HOLMAN: Democrats in both houses have been particularly angered by the speed with which the working rules of repeal.
SEN. Edward Kennedy: Republicans control the Congress and the White House is trample on-down for the U.S. economy workers. Let American workers are on the alert. Your rights and your dignity and your work are no longer respected. Today, your safety is on the hook block. Tomorrow it will make your health or your ability to leave to spend more time with your families.
REP. OWENS IMPORTANT: This is just the beginning. Thanks to the ruthless destruction of ergonomic standards, earlier this 107th meeting of Congress …
Spokesman: Gentleman’s time New York has expired.
REP. OWENS IMPORTANT: - send a message of intimidation …
Kwame Holman: For Republicans replied:
REP. JACK KINGSTON: What is the Democratic Party, they believe that the Wizard of Oz in Washington, DC, and it dictates to all businesses across the country, what should be done, if they do And how should they do?
REP. John Boehner: And I am proud that my colleagues today stand up and say that the bureaucracy is quite sufficient. They do so in a reasonable, good way, or you’re never they do not.
Kwame Holman: And this morning, thousands of miles from Washington, South Dakota Republican John Thune echoed the same resolve, before a hometown crowd while awaiting the arrival of President Bush.
REP. JOHN Thune: abgestandene air of the past, specific. It is a fresh breeze blowing in Washington. And you know what? None of the elites of Washington to find out what the cause. But the American people know what it is. We know what it is! This is the w-factor.
Kwame Holman: The President received an enthusiastic response, which would dismiss a choir Buh-made mention of the minority Senate leader, South Dakota’s Tom Daschle.
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