Before the Ways and Means Committee on the Revenue Raisers in the President's Budget Mr. Chairman, thank you for convening this hearing to examine the revenue provisions in the President's proposed FY2000 budget. While I hope there will be an opportunity for Congress and the Administration to work together to reduce America's tax burden, it is disappointing that the Administration's budget is lacking any proposal for substantial tax relief for American taxpayers. At a time when American families should be reaping the benefits of economic prosperity, too much of their earnings are being eaten by federal taxes. We already know that families pay more in taxes than they do for food, clothing and shelter combined. I hope Congress and the Administration can truly work together in a bipartisan way to let hardworking Americans keep more of what they earn.
Families deserve that freedom.
Again, Mr. Chairman, thank you for providing us this forum to explore the Administration's revenue proposals in detail.