A recent letter to the editor was critical of U.S. Rep. Charles Stenholm of Abilene because he was opposed to a tax cut at this time. The writer also included me and my position on tax cuts in her criticism. We now have the best economy in the world and the best we have ever had in the United States. Most every person who is physically and mentally able to work and really has a desire to work is now working.
Unemployment is the lowest it has been in many, many years.
I am opposed to a tax cut under these conditions. The promised tax cuts are based on the hope that we will have a great future budget surplus. Also, the proposed tax breaks for the wealthy are three times larger than for those in the lowest tax group. Last year we spent 14 percent of our entire federal budget on interest payments on the accumulated debt. This was more money than we spent on education, national defense, Medicare, veterans benefits, transportation and agriculture.