Gore on Taxes
Gore’s plans for tax reform benefit the low to middle income citizens. Gore believes that it is unlikely that every family will receive a tax cut. Gore wants to lower taxes for working families with targeted tax reform. Many of his tax plans are targeted toward smaller groups of people such as people buying energy efficient vehicles and homes. Another group Gore plans to target with tax relief is people working in nursing homes. His plan doesn’t include tax relief for over 50 million Americans. Gore’s plan would spend an estimated $500 billion over a ten-year period. He estimates $250 billion spent on targeted tax cuts over a ten years period. He plans new tax-sheltered retirement savings account with government matching funds for up to $100,000. Estate tax relief is available for small businesses and farmers. Gore would increase the standard reduction for married couples. Gore would increase eligibility for college tuition tax credits. Gore plans a tax credit of up to $3,000 on long-term health care expenses. Gore wants a new $1,000 credit for work-related expenses. Gore does not support tax increase in good economic times. Gore supports the underdog, the little guy, the worse-off families, rath
-Gore plans to put more money into drug control by more enforcement and more TV advertisements. Gore wants to provide every drug addict with a treatment program. Gore believes that drug prevention programs are effective and therefore wants to put more money into them. Gore believes that the more money spent discouraging drug use, the drug use will go down. Gore claims that social security going bankrupt is misleading. Social security would guarantee a basic income and have many opportunities for pensions and savings. With the budget surplus, Gore would give the money to social security first. Gore is against raising the retirement age and reduces benefits by privatizing the system. Gore would raise the widow benefit. To complement social security, Gore proposes Retirement Savings Plus accounts, in which a couple can save up to $400,000. Also, Gore plans to increase pension portability and make the pension process more accessible to small businesses. Gore plans to guarantee health care and retirement security for all aging veterans. Gore says that social security will be ensure at least through 2054.
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Approximate Word count = 1005
Approximate Pages = 4 (250 words per page double spaced)
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