Budget and Deficit

Candidates Bob Dole and Jack Kemp have proposed a dramatic tax cut plan that is designed to stimulate increased economic growth, remedy the decline in the value of the dependent deduction, and reduce the punitive treatment of capital gains. An analysis demonstrates that the plan is likely to achieve its goals, and only requires a spending cut of less than 2% to pay for itself.

This is a 6-page analysis of the House Republican "Contract With America" proposal to reform business depreciation rules.

An 11-page expose of the federal budget process, where spending is compared to an inflated current services budget, rather than to last year's spending. This is how a 4.5% spending increase over the previous year can be characterized as a "draconian cut."

The federal backing of GSE obligations may be implicit, but it is very real. Taxpayers have literally billions of dollars at stake if a GSE fails to meet its obligations.