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Lieberman Addresses Economy at Hospitality Conference

NEW YORK CITY-Sen. Joseph I. Lieberman amused the crowd at the 23rd Annual International Hospitality Industry Investment Conference before getting down to business, discussing President Bush's tax cut and the changing Senate.

By Betsy Kraat | Updated on June 04, 2001

NEW YORK CITY-The Honorable Joseph Lieberman didn’t mince words yesterday (Monday, June 4) as he addressed the attendees of the opening day luncheon at the NYU-sponsored 23rd Annual International Hospitality Industry Investment Conference. After some anecdotes about the Florida misadventures and his mother, Lieberman tackled the hotly debated tax cut.

“It’s a budgetary time bomb–a return to voodoo economics. Or, as one of my aides said, it’s like deja-voodoo all over again,” quipped Lieberman. The senator stressed the hospitality industry’s ability to motivate and sustain growth. The hospitality industry employs 18 million Americans and contributed $17 billion towards the trade surplus. Travel and tourism is the second or third largest industry in over half of the United States.

“Over the past few years, the government created a climate for growth, and the private sector prospered. As a pro-business democrat, I believe our first priority is expanding opportunities for the American people,” said Lieberman. “And we can do that with strong and focused leadership.” He added that some of the surplus should be used towards debt reduction, some on the materials of the new economy (i.e., technology and education), and some on “purposeful tax cuts.”

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