Jim Saxton: “Bob Dole has suggested that we ought to cut income taxes, that we…”

On the recordSeptember 18, 1996

Bob Dole has suggested that we ought to cut income taxes, that we ought to cut the capital gains tax, that we ought to have a family child tax credit and that other tax changes such as the one that Mr. Smith just suggested might be part of the package as well, although in the case of the specific one, that is not part of his particular package. But Dole has suggested that significant tax decreases would help to remedy the problem that we have identified in terms of the speed or the rate of growth of our economy. Bob Dole has suggested, for example, that under his program, a family making $35,000 a year in gross income would save $1,374 a year in tax savings under his plan, and a family making $45,000 a year would actually save $1,603 a year.

Said by

Jim Saxton

Source

govinfo.gov

Editor's note · Context

Discussing tax policy proposals during a floor speech.

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Jim Saxton: “Bob Dole has suggested that we ought to cut income taxes, that we ought to cut the capital gains tax, that we ought to…”

Editor's note · Context