“I say to the Republican leaders in Congress: If you send me a short-sighted tax plan that short-changes our students, our teachers, and our schools, it will not get past my desk. Remember: These are not just numbers. These are children.”
President Bill Clinton
Today, at the White House, President Clinton announced new estimates of the severe, long-term impact on education that would result from the Republican tax and budget plans. The President emphasized that the Republican plans – risky, expensive proposals that would disproportionately benefit the wealthy – could force devastating cuts in key initiatives to reduce class size, support after-school programs, help children read well, keep schools safe and drug-free, and expand access to college. The President urged Congress to enact a responsible tax plan targeted to help communities modernize schools and help families finance their retirement, child care, and long-term care while saving Social Security and Medicare, and leaving room for vital investments in education and defense. The President threatened to veto any tax bill failing to leave room for adequate investments in education.
Republican Tax Bill Squeezes out Funding for Education. President Clinton announced new Administration estimates of the long-term impact that the Republican tax and budget plans could have on key education programs. In the tenth year alone of the Republican tax plan, our country could be forced to:
Calculations Show Republican Plans Would Require Dramatic Cuts. These calculations, based on the Republican budget and tax plans, assume that Congress – as envisioned by the tax bill approved by the House last week and the measure being debated in the Senate this week – allocates nearly $800 billion to tax cuts over the next ten years; funds defense at the President's requested level; and pays down debt by as much as Republicans promise. Given these assumptions, the budget resolution and current Republican tax plans would require dramatic cuts to domestic programs – cutting roughly half from current funding levels.
President and First Lady | Vice President and Mrs. Gore