As the Presidential campaign heats up, it is clear that a central issue will be economic growth. Despite recent positive economic news, the long-term outlook is not good. Growth is slow and family incomes are down. At the same time, the tax burden on Americans is at an all-time high, squeezing families while discouraging savings and investment. In response to this disturbing trend, Bob Dole has proposed an aggressive plan to both cut taxes and balance the budget by the year 2002. The goal of the plan is to spur economic growth by reducing both the size and tax burden of the Federal Government. Its centerpiece is a 15-percent, across-the-board income-tax cut designed to lower taxes on families and small businesses while spurring job creation and investment. The Dole plan would also provide families with a $500 per child tax credit, improved IRA's, and lower taxes on capital gains. For a typical family earning $30,000, his plan would allow them to keep an additional $1,261 per year, enough to pay tuition to a private school, move into a better neighborhood, or save for an early retirement.
On the recordSeptember 25, 1996
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govinfo.govEditor's note · Context
Discussing economic growth and tax policy during the 1996 Presidential campaign.
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