The 2000 Campaign: the Tax Plans
New York Times (10/03/00) Vol. 3, No. 5 p.23; Rosenbaum, David E.

The accounting firm Deloitte & Touche reviewed the tax plans of Gov. George W. Bush and Vice President Al Gore and found that Bush's proposal would be more generous to the wealthy, while giving everyone a tax cut. As a result, Bush's plan is expected to cost more than $10 trillion over 10 years (not including his proposal to repeal estate taxes), which would be double the cost of the Gore proposal. Under the Bush plan, a couple earning $450,000 could expect their income taxes to be lowered by $12,000 a year, for example. Essentially, more families would receive bigger tax breaks. The Gore tax package would cost just $500 billion but would target those with low incomes and who have day care, college, and elderly dependent expenses. Gore's plan, however, would not help single people nor childless couples, including retirees.


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