CLINTON TAX CUT A DELAYED TAX INCREASE 



 President Clinton, when attacking Sen. Dole's tax cut 

proposal,  frequently cites his own tax cut plan, which he 

calls "targeted" because it only goes to selected taxpayers, 

as a more prudent approach.  What he does not dwell on, or 

even mention, is that his tax cut is temporary and will 

eventually raise taxes by $64 billion increase. 

   This was noted in an Associated Press story in September 

which attributed that report to the Joint Committee on 

Taxation and pointed out that the Democrats "don't dispute 

the accuracy of the joint committee's numbers."   

   The Joint Committee Study reveals that the tax cuts Clinton 

proposed in his 1997 budget and during the presidential 

campaign will produce $64 billion in new taxes over ten 

years.

   The tax cuts he has proposed, the committee notes, add 

up to $124 billion over 10 years while his tax increases total 

188 billion.  

   Perhaps most significant is the little reported fact that 

Clinton's $500 per child tax credit -- in addition to being more 

restrictive than Dole's child credit -- is only a $300 credit the 

first year and then rises to $500 for 1999 and 2000 and then 

it expires. In the year 2001, American parents would not 

receive a tax credit under President Clinton proposal.

   By contrast, Dole's $500 per child tax credit begins at full 

value the first year and is permanent.  

   The Joint Committee on Taxation also observed that most 

of the more than 50 tax increases proposed by Clinton, un-

like the tax cut, would be permanent.