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Bob Dole: A Race To The Top
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Bob Dole: A Race to the Top
People understand they can't get all these tax cuts, protect their favorite programs, and balance the budget," says Susan Tanaka speaking on the promises made by presidential candidate Bob Dole to the American public (Gibbs 1996). Bob Dole proposed his tax cut package on Aug. 5, 1996 hoping to entice the public into voting for him in the 1996 presidential elections. Dole focuses his proposal towards social conservatives and supply siders believing he will give them their link to growth-oriented tax cuts which will amount to 551 billion dollars over the next six years (Rubin 1996). So how does Bob Dole plan to make all these things happen without remaining in office for at least 12 years? He does not, it is merely an impossible act in a desperate attempt to get himself elected. As a tradition, the "Grand old Party" has always benefited the rich more than the middle and working class people of America. Bob Dole promises a plan which will avoid business tax cuts and combine a marginal rate cut with a $500 per child tax credit, targeted towards low and middle income tax payers. The result, a plan that while still benefiting the rich more than the middle class, more evenly distributes between all income groups (Duffy 1996). Under Dole's tax cut plan, a family of four with an annual income of 31,000 would see their tax bill drop from $2,000 to $800, a difference of $1,200. "The way the tax cut was packaged shows that they were still sen...
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