On the recordSeptember 5, 1996
the folks who brought us the Government shutdown are back at it. Cut taxes on the rich, they say, and cut Medicare and student loans to pay for it. The Dole-Gingrich tax plan, some $600 billion in tax breaks mostly for the rich, will mean ever bigger cuts in Medicare, ever bigger cuts in student loans, ever bigger cuts in environmental protection than the original Gingrich plan. The Gingrich-Dole plan will mean fewer Medicare services and fewer student loans. The Gingrich-Dole plan will mean higher Medicare premiums, higher Medicare copayments, higher Medicare deductibles, and higher costs for middle-class students getting student loans. The Dole-Gingrich plan will mean Medicare beneficiaries who are now paying about $46 a month in premiums will see their premiums approaching $100 a month. Mr. Speaker, not cuts in Medicare and student loans to pay for tax breaks for the wealthy. It simply does not make sense.
Source
govinfo.gov




