Dole Pledges Tax Cuts to Balance Budget by 2002
Senator Dole outlines a plan calling for a $500 per child tax credit for low and middle income families, IRA expansion, and repeal of the 1993 Social Security tax on higher earners. He vows to balance the budget by 2002 with spending cuts and asset sales, aiming to finish Reagan’s work and end deficits. Clinton calls the plan risky and deficit‑ballooning, launching ads against it.
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Kansas
Internal Revenue Service
Capitol Hill
Dole
Branstad defends Dole tax cut proposal amid careful Iowa stance
Gov. Terry Branstad says Bob Dole’s 548 billion tax cut plan could stimulate growth but Iowa would pursue a careful approach to state spending. He warns legislators against a bidding war on year election tax cuts while Democratic leader Michael Peterson blasts the plan as trickle-down, deficit hawk messaging. Branstad also criticizes President Clinton over a promised middle-class tax cut and a large gas, income, and Social Security tax hike.
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Dole
Associated Press and Gazette
EL Moines
Ter D. Branstad
Bob Dole
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Democratic Party
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Terry Branstad
America
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Clinton
Polls show mixed views on tax cuts and deficits
Poll results from ABC News CBS News NBC News and Pew reveal Americans split over a 15 percent across the board tax cut and deficit concerns. By 58 to 36, balancing the budget is more important than cutting taxes, while 53 to 42 oppose tax cuts if they hinder deficit reduction. Some polls show support for tax cuts if programs could be trimmed.
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Abc-Washington Post
Cbs-New York Times
Dole
NBC Wall Street Journal
Harris
Pew Research Center
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