President
Clinton's Broken Promise
Bill Clinton promised a "middle class tax cut" in 1992. But after he
took office, he broke that promise and imposed the single largest tax increase
in the history of America -- $265 billion.
Bob Dole and Jack Kemp Will Cut Tax Rates for
All Americans by 15 Percent
The Dole-Kemp tax cut will reduce rates by 15 percent across-the-board and give
an additional $500 per child tax credit while balancing the budget by 2002.
That means:
A married couple with two children earning $30,000 will save $1,272 per year
A married couple with two children earning $50,000 will save $1,657 per
year.
A married couple with no children earning $50,000 will save $779 per year.
A retired couple with no children earning $60,000 will save $1,727 per year.
A single taxpayer with no children earning $30,000 will save $519 per year.
A $500 Tax Credit for Working Families With
Children
Under our present tax code, parents in working families have less and less time
to spend raising their children. In fact, government figures show that the
average working mother spends more time working to pay her taxes than she
spends with her child each work week. A Dole-Kemp Administration will give
families the tax relief that they were promised in 1992 and never got.
Under the Dole-Kemp economic growth plan, low- and middle-income families will
enjoy a $500 per child tax credit. For every child under the age of 18, a
family will see its tax bill cut by $500. That means that a family with four
children will see its taxes reduced by at least $2,000.
A Dole-Kemp Administration Will Reduce Taxes
for All Americans
The Dole-Kemp 15 percent tax cut is simple, fair, and will apply to every
American, regardless of income. Other tax relief provisions of the Dole-Kemp
economic growth plan will help millions of Americans who are struggling to get
by. The $500 per child tax credit helps families with young children. The
deduction for student loan interest helps the parents of college age children.
Many retired seniors will gain from the rollback of the Social Security tax
hike imposed by President Clinton. The capital gains tax cut stimulate billions
of dollars in new investment for and create millions of new jobs. Here's a look
at some of the other tax relief provisions in the Dole-Kemp economic growth
plan:
A Better America
The Dole-Kemp strategy for economy growth will restore money and power to the
real engine of the American economy -- the American people. Their policies will
mean higher wages, higher incomes and more take-home pay for all Americans. All
workers will benefit from the greater productivity of the workforce and the
increased profitability of businesses across America. More Americans will be
able to save and invest in the future. More take-home pay and more savings does
not just mean a more secure retirement -- they also mean more money for
education, medical emergencies and a secure retirement.
More opportunities. Smaller government. Stronger and safer families
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