IPI Publication Press Release
IPI Issue Brief
Related Publication Title:
The Fiscal Plans of Al Gore and George Bush: A Comparison
Released by Sonia Hoffman on 10/30/2000
IPI Issue Brief
Related Publication Title:
The Fiscal Plans of Al Gore and George Bush: A Comparison
Released by Sonia Hoffman on 10/30/2000
Full Text
Press Release (10/09/2000)
Press Release (10/12/2000)
Press Release (10/30/2000)
Press Release (10/31/2000)
Press Release (02/07/2001)
Press Release (01/25/2001)
Media Advisory (10/09/2000)
OpEd (11/09/2000)
Full Text PDF
For Immediate Release For more information: Sonia Hoffman
Monday, October 30, 2000 (888) 557-4IPI or shoffman@ipi.org
Dallas, TX: This All Hallow’s Eve America is judging Al Gore’s and George Bush’s tax plans to vote “best dressed” for the upcoming presidential election. A recent study by the Institute for Policy Innovation (IPI) gives the award to Bush, in part for the better budget effects offered by his tax cuts.
“For every dollar of static revenue loss, the Bush tax cuts would generate $1.80 in added output, compared to only 41 cents for Gore,” say IPI Senior Research Fellows Gary and Aldona Robbins. “The Bush tax cuts would do more for the economy because they are larger and reduce marginal rates.”
And because both Gore and Bush would pay of debt in the hands of the public at roughly the same time (2013 and 2014, respectively), the larger tax cuts offered by Bush make him stand out from the other contest hopefuls.
Under the Bush plan, higher growth offsets 27.3% of the static revenue loss by 2010 and 34.2% by 2020. In contrast, the most the Gore plan would offset is 5.7%.
“In short, both the Gore and Bush plans would increase growth relative to the baseline. But, the improvement in the economy would be minimal under Gore because his tax cuts are smaller --a fourth of Bush’s,” continue the Robbins. “Three-quarters of his tax cuts have little affect on working or saving incentives, and his tax increases fall on business to the detriment of the economy.”
This Halloween season, don’t be tricked by the guise of national debt reduction vs. healthy tax cuts. The best looking tax plan, designed by George W. Bush, deserves to be treated to votes across the nation.
This information is taken from a recent IPI Issue Brief, “The Fiscal Plans of Al Gore and George Bush: A Comparison,” by Gary and Aldona Robbins. For copies or further information, visit www.ipi.org or call Sonia Hoffman at (972) 874-5139. The authors are available for interviews.
