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Politics : Bill Clinton Scandal - SANITY CHECK
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To: dougjn who wrote (5657)10/5/1998 11:28:00 AM
From: Bill  Read Replies (2) of 67261
 
<<I know nothing of the kind.>>

Even a cursory following of congressional activities would help with that.

A break for taxpayers
A Boston Herald editorial

09/29/98

For once the House Republican leadership has got both tax-cut policy and its public relations right.

First the House Republicans voted at the end of last week to set aside $1.4 trillion of an expected revenue surplus of $1.6 trillion over the next decade to "fix" Social Security long before the fund is predicted to go belly up in 2030.

Next they took the first five years of that remaining 10 percent of the surplus and dedicated it for a variety of tax cuts aimed at working-class Americans. Those $80 billion in cuts include eliminating the so-called marriage penalty, which would cut the average tax bill for a couple by $243; making health insurance 100 percent deductible for the self-employed (a $382-a-year break for 3.3 million taxpayers); exempting for first $200 in interest and dividends ($400 for a couple), and a number of benefits aimed at seniors and families.

From President Clinton has come an immediate veto threat, of course, and yet another recitation of his fix-Social-Security-first mantra. There is no denying that Social Security needs to be revamped and brought into the 21st century and the budget surplus will greatly help to do that. But this nation -- and this Congress -- are a long way from consensus on how best to do that.

Meanwhile, American families should not have to hold their collective breath waiting for a modest tax break to help make ends meet. It is, after all, their labors which helped create that surplus.
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