September 11, 1996
STATEMENT BY JOE LOCKHART
NATIONAL PRESS SECRETARY
The report released by the Republicans suggesting the Presidentís economic plan would cost the American people an additional $64 billion in taxes over the next ten years is a flawed and misleading document.
Maybe the Republicans were confused. Their report counts over $30 billion in tax proposals that were already passed into law this year by the Gingrich Congress. Another $90 billion in provisions are not new revenue provisions at all, but extensions of current laws that scores of Republicans -- including Bob Dole -- have voted for.
When these inappropriate comparisons are swept away, it is clear by any analysis that the President has a strong net tax cut, and most importantly, an indisputable targeted tax cut for working families of over $100 billion.
If the Congressional Joint Committee on Taxation had also presented a 10-year analysis on the Dole economic plan, they would have had to admit that Dole's tax plan would cost Americans over $1 trillion, making more Americans wonder how high the deficit and interest rates would rise, and which programs Bob Dole and Newt Gingrich would cut to pay for their reckless economic scheme.
Paid for by Clinton/Gore 96 General Election Committee, Inc.