Political Quotes

On the recordSeptember 25, 1996
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.
Said by
Ralph Lee Abraham
Louisiana

Editor's note · Context

Discussing economic growth and tax policy during the 1996 Presidential campaign.

Share

More from Ralph Lee Abraham

Jan 9, 2017

Representative Abraham's bill serves an important purpose and expands our ability to protect Americans from cybersecurity attacks.

congress.gov
Oct 2, 2017

If there is going to be any change in the status of our participation in JCPOA especially when--if it involves the interpretation of what we, in Congress, pass in terms of sanctions against Iran outside the JCPOA, will you come back and…

congress.gov
Jun 26, 2018

It would have been substantially more helpful for DHS to have been present today, to be part of the dialogue, inform the American public, and answer questions about their work in this area.

congress.gov
Feb 27, 2017

I am an advocate of President Trump's America First policy.

congress.gov

Other voices in this conversation