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 ...
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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 sensitive to the old anti-Reagan
argument that tax cuts just benefit the rich and they tried to show that their
plan would benefit everybody," remarked Rick Grafmeyer, a tax partner at Earnest
& Young, a national accounting firm (Barnes, 1996, 29).
While Dole flaunts the benefits of his tax-cut proposal, he fails to
mention what will suffer in order to activate his tax cuts. First of all, Dole
made no mention of how his tax-cut proposal will pay for the $551 billion
reduction in taxes. Secondly, Dole does not say that he needs to cut spending
in "small" areas such as Medicare, student loans, defense spending and social
security. (Gibbs, 1996) Even if Dole plans to leave these things out of the cut,
that still leaves 30% of ...
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poll taken in September of 1996,
two thirds of the voters said that it was impractical of Dole to propose that he
could cut taxes and still balance the budget. As Kerin Smirniotis says, "His
intentions are good, but no one in their right mind will believe that he can
just pull all of this money out of the air" (Barnes 1996, 6). Dole's team says
his campaign merely rearranges budget priorities. They also say that Dole's
difficulty in convincing voters lies in the fact that the American public
doesn't fully understand his plan, which clearly seems to defy the principals of
simple math (Lacayo 1996).
President Bill Clinton argues that Dole hastily made these promises not
considering the ...
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Bob Dole: A Race To The Top. (2005, August 22). Retrieved April 25, 2024, from http://www.essayworld.com/essays/Bob-Dole-A-Race-To-Top/32076
"Bob Dole: A Race To The Top." Essayworld.com. Essayworld.com, 22 Aug. 2005. Web. 25 Apr. 2024. <http://www.essayworld.com/essays/Bob-Dole-A-Race-To-Top/32076>
"Bob Dole: A Race To The Top." Essayworld.com. August 22, 2005. Accessed April 25, 2024. http://www.essayworld.com/essays/Bob-Dole-A-Race-To-Top/32076.
"Bob Dole: A Race To The Top." Essayworld.com. August 22, 2005. Accessed April 25, 2024. http://www.essayworld.com/essays/Bob-Dole-A-Race-To-Top/32076.
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