To: Sector Investor who wrote (25606 ) 10/18/2000 11:30:10 AM From: delmarbill Read Replies (1) | Respond to of 42804 Candidates veer off factual course By CALVIN WOODWARD, The Associated Press WASHINGTON -- Al Gore and George W. Bush relied on outdated numbers to describe the state of health care and mischaracterized some of their own policies in their final presidential debate Tuesday. The vice president also made an attack on drug companies that conflicts with independent studies. Gore claimed that drug makers "are now spending more money on advertising and promotion -- you see all these ads -- than they are on research and development." But according to a Kaiser Family Foundation study in July, the industry spent $5.8 billion to $8.3 billion on promotion and $21 billion on research and development in 1998. Bush's statement that prescription drug coverage should be "an integral part of Medicare" was an odd description of his plan, which is notable for encouraging private-sector choices that may be outside the Medicare system. Gore, by omission, made his plan to help parents with the costs of college sound more generous than it is. "I want to give every middle-class family a $10,000-a-year tax deduction for college tuition," the Democrat said. That's true, but a tax credit is already available for that purpose. Gore is actually offering people a choice of an increased tax credit or the tax deduction. The additional benefit, for many families, would be $800. Gore also suggested that his Republican rival's education plan would force states to give parents whose children are in failing public schools vouchers to send their children to private schools. Bush's plan offers more choices than that, including using tax money to go to another public school, a charter school or a tutor. Gore also said that when a school is found to be failing under Bush's plan, "kids would be trapped there for another three years" before anything is done. He suggested that his own plan would result in a failing school being closed and reopened under new leadership right away. In fact, Gore's plan to rescue a failing school would take two years. On another matter, Bush said: "Everybody who pays taxes is going to get tax relief." He would cut all tax rates, but a bipartisan congressional panel has found that nearly 27 million Americans might not get the full benefit because they would have to pay another tax originally designed to prevent investors and the wealthy from sheltering too much of their income. The panel said some taxpayers would get no break at all from Bush's plan, because of the so-called alternative minimum tax. Bush also repeated a charge from Republican ads that Gore is proposing to spend three times as much as President Clinton. The Clinton spending he is talking about, however, dates to the president's first budget proposal for 1993. Back then, the budget deficit was near its peak; today there are huge surpluses that allow for higher spending. And on paper, Bush would use up more of the surplus with his tax cuts and spending than Gore.