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October 2000 Volume 44, Number 9
h and Gore Argue T es oughout Debates
Vice President's Plan Would Slow Tax Growth Slightly; Governor
Bush's Would Hold Tax Burden Level
Al Gore and George W. Bush have repeatedly
exchanged accusations that their tax plans are a
"risky scheme" or the result of "fuzzy math" How
can taxpayers make sense of the claims?
How Big Are These Tax Cuts ?
As the chart at left shows, the two tax plans
would have substantially different results for the
future of Tax Freedom Day, though neither
would have a huge impact .
The much debated "cost" of the candidates '
plans, roughly $ 500 billion for Gore and $1 . 3
trillion for Bush, may seem huge . However, whe n
these ten-year estimates are measured on th e
nation's calendar along with Tax Freedom Day ,
their magnitude diminishes considerably.
The "Current Law" line of the chart shows a
cautious estimate of what Tax Freedom Da y
would be if no changes were made to our ta x
system. The steady rise in Americans' tax bur-
dens is primarily due to our progressive tax sys-
tem. In short, "progressive" means that the mor e
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10
See Gore and Bush on page 2
FRONT & CENTE R
Promoting Basic Research with
U.S. Representative Robert T. Matsui (D-CA)
Figure 1 : How the Candidates' Plans Would Affect
Tax Freedom Day, 1990-201 0
ro 11 8
a) 11 6
o 11 4
Gore Pla n
with Persona l
The answer is to measure each plan's effec t
on Tax Freedom Day, according to a new repor t
from the Tax Foundation (see Publication Sum-
mary on page 3) .
Probably the best known tax day after April
15th, Tax Freedom Day is the day when Ameri-
cans have finally earned enough to pay tax col -
lectors at the federal, state, and local levels and
keep a day's pay for themselves . This year, Tax
Freedom Day fell on May 3, the latest eve