PRESS RELEASE
October 1, 1996

STATEMENT BY JOE LOCKHART
NATIONAL PRESS SECRETARY

When it comes to questionable campaign promises, nothing would give consumers buyer’s remorse more than Bob Dole’s risky $548 billion tax cut.

Bob Dole’s plan, according to 546 prominent economists, including seven Nobel Laureates, is "not credible" and its impact "would be a lowering of future living standards." (Letter released by the Economic Policy Insitute 9/24/96). Other top economists and journalists declared that Bob Dole’s economic plan could cause drastic cuts of over 40 percent in Medicare, Medicaid, and other initiatives that protect and improve the quality of life of the American people.

Americans test-drove the 1995 Dole/Gingrich budget model and rejected it as a lemon. If Dole wants to offer new insights to consumers, he can begin by saying what he will cut to pay for his 1996 massive tax cut scheme.

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