Bob Dole: A Race To The Top Essay -- essays research papers

Bob dole A Race to the TopPeople understand they cant get all these revenue revenue cuts, nourish theirfavorite programs, and balance the budget," says Susan Tanaka speaking on thepromises made by presidential candidate Bob Dole to the American public (Gibbs1996). Bob Dole proposed his revenue enhancement cut package on Aug. 5, 1996 hoping to enticethe public into voting for him in the 1996 presidential elections. Dole focuseshis proposal towards social conservatives and supply siders believing he bequeathgive them their link to growth-oriented tax cuts which pull up stakes amount to 551billion dollars over the next six years (Rubin 1996). So how does Bob Dole planto hasten all these things happen without remaining in office for at least 12years? He does not, it is merely an impossible act in a desperate attempt toget himself elected.     As a tradition, the "Grand old Party" has always benefited the rich morethan the middle and working class battalion of America. Bob Dole promises a planwhich will avoid business tax cuts and combine a marginal rate cut with a $ euchreper child tax credit, targeted towards low and middle income tax payers. Theresult, a plan that while still benefiting the rich more than the middle class,more evenly distributes mingled with all income groups (Duffy 1996). Under Dolestax cut plan, a family of four with an annual income of 31,000 would see theirtax bill drop from $2,000 to $800, a difference of $1,200. "The way the taxcut was packaged shows that they were still sensitive to the old anti-Reaganargument that tax cuts just benefit the rich and they tried to show that theirplan would benefit everybody," remarked sprain 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 tomention what will suffer in order to activate his tax cuts. First of all, Dolemade no mention of how his tax-cut proposal will pay for the $551 billion simplification in taxes. Secondly, Dole does not say that he needs to cut outgoin "small" areas such as Medicare, student loans, defense spending and socialsecurity. (Gibbs, 1996) Even if Dole plans to leave these things out of the cut,that still leaves 30% of the budget to absorb the cost of the tax cut.Professor Alan Aurbach, of the Universit... ...ncing his tax-cutpackage and using his new(prenominal) strengths such as his experience in Washington. Theworst case scenario would be that he looses the support of his supply-siders,which would not make much difference because he has not gotten that much morethan grief from them anyway. In short, it is a tragedy that Dole has sold hissoul to win the election, and now he wont end up with either.     Dole likes to call himself an agent of change and says that PresidentCinton is only a defender of the status quo. This seems to upset thetrad itional views of both parties and reverses the roles. President Clintonproposes only minor tax cuts and specifies payment through minor spending cutsand other revenues while still protecting Medicare, social security, and otherrelated issues. Between President Clintons election in 1992 and the present,the national deficit has fallen 60% from 290 billion dollars to around 117billion dollars (Barnes 1996). The strongest case supported the candidate whobest represents the conservative American and also holds rightful(a) to the Democraticpartys tradition, United States President and fellow American, WilliamJefferson Clinton.