$1.9 trillion tax cut, almost half of which goes to the wealthy, and a $1 trillion Social Security privatization proposal, is the surest way to put our budget into deficit, raise interest rates and put our prosperity at risk. Lets recall Bushs line I cant let the man continue with fuzzy math. Its $1.3 trillion, Mr. Vice President. And its going to go to everybody who pays taxes. Im not going to be a pick-and-chooser. What is fair is everybody who pays taxes ought to get relief. Dont let Gore bring back big government; 200 new programs Bush painted Gore on as a big spender who would bring back the era of expansive government and threaten prosperity. He is proposing the largest increase in federal spending in 35 years. He said Gore was proposing more than 200 new or expanded federal programs that would result in an estimated 20,000 to 30,000 new federal employees. He said there would be 412 new Medicare regulations and more audits of taxpayers. All this could amount to over $2 trillion in bigger government in 10 years. Bushs budget: $265B left of surplus after 10 years Gore believes Feds spend surplus; Bush wants taxpayers to spend it. Gore and Bushs [tax cut and spending] plans would reduce the surplus by an equivalent amount. [Where Gore and Bush differ is in] philosophies of government: Gore believes that government should direct and control the use of the surplus that is not allocated to debt reduction, whether on the tax side or the spending sides. He would increase government spending substantially more than Bush, would cut taxes less, and would aim more of his tax cuts to specific taxpayer behavior. Gores proposed tax cuts are little different substantively from direct spending, except that they go through the tax code. By contrast, Bush would spend more of the surplus on across-the-board tax cuts. Moreover, most of his reductions, in contrast to Gores, would not depend on taxpayers behavior, but would be given to all of them in th...
