w money causing an increase for income taxes, which will cause a decrease in spending in our national healthcare and education. (Time.com) Al Gore plans to maintain the existing Social Security by subsidizing it. This would take it from its current position as general taxation. Gore is trying to preserve its basic guarantees, pay down our debt and all of that makes it possible and easier to meet the other challenges set forth by Al gore and the Democratic party.Another big economic issue in the presidential race is tax reform. Gore is prepared with several, thought to be successful, plans for tax cuts and reforms should he be elected. The Clinton administration had successful “disciplined” and “prudent” economic policies which Gore states he would like to continue (Al Gore on Tax Reform). In reserve, Gore would like to set aside $300 billion in instance that the rosy projections do not materialize. Gore promises to make up to $10,000 in college tuition tax deductions in order to increase enrollment (Al Gore on Tax Reform).Most of Gore’s campaign focuses on family itself. He proposes lowering taxes for families with targeted tax reform. The plan Gore suggests, will make the burden of taxes on the so-called “middle class” families the lowest they have been in over 50 years. By helping families pay for college through the College Opportunity Tax Cut, long-term care needs will also be met. This initiative, for the first time, acknowledges and supports millions of Americans with long-term care needs and the family members who care for and house their ill or disabled relatives through a $3,000 tax credit (National review). In the process a tax credit will be used that will compensate a wide and various range of formal and informal long-term care for around 2 million or so Americans.Gore’s administration would encourage long and short-term savings, which would then make retirement muc...
