July 27, 2000: Challenging Congress to Act on America's Priorities

July 27, 2000

Today, at the White House, President Clinton, joined by Democratic Leaders Daschle and Gephardt and members of the House and Senate Democratic caucuses, called on Congressional Republicans to end the legislative logjam. The President released an analysis comparing the number of Americans who would benefit from the recently passed estate tax to the number of Medicare beneficiaries still waiting for Congress to pass an affordable, meaningful prescription drug benefit. The President emphasized that tax cuts passed by Congress could plunge the nation back into deficit and leave no money for national priorities such as a Medicare prescription drug benefit, strengthening Social Security, paying down the debt by 2012, or repairing crumbling schools. The President urged Congress to pass his targeted tax cuts, which offer more tax relief for middle-class families at less than half the total cost of the Republican proposals.

NEW ANALYSIS SHOWS REPUBLICAN PLAN BENEFITS WEALTHY FEW. The President released a new state-by-state analysis showing that the number of Americans who would benefit from the repeal of the estate tax is millions fewer than the number who would benefit from an affordable, meaningful prescription drug benefit. Only about 2% of American families the wealthiest of all Americans would benefit from the estate tax repeal. In contrast, a Medicare prescription drug benefit would provide an affordable coverage option for 39 million beneficiaries whose annual incomes average $20,000.

PRESIDENT'S TARGETED TAX CUTS PROVIDE MORE RELIEF AT LESS COST. President Clinton called on Congress to pass his proposed targeted tax cuts, which provide substantially more tax relief for middle-class families at less than half the total cost of the Congressional proposals. The President's plan provides tax relief for America's families while maintaining fiscal discipline, paying down the debt by 2012, and investing in key priorities like Social Security and Medicare. Highlights of the President's plan include:

CALLING ON CONGRESS TO ACT ON AMERICA'S PRIORITIES. The President urged Congress to complete work on national priorities, including:



July 2000

July 31, 2000: Highlighting the Need for Drug Coverage for Medicare Beneficiaries with Disabilities

July 27, 2000: Challenging Congress to Act on America's Priorities

July 26, 2000: Commemorating the 10th Anniversary of the Americans with Disabilities Act

July 13, 2000: Announcing Major New Investments in Diabetes Research, Treatment, and Prevention

July 10, 2000: Warning Governors That Congressional Tax Plans Would Jeopardize Critical Investments In Health Care

July 7, 2000: Urging Congress to Act Now to Pass A Strong, Enforceable Patients' Bill of Rights

July 5, 2000: Eliminate Abusive Child Labor Around The World


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