Sent: Tuesday, February 27, 2001 8:25 PM
Subject: Bush Tax Relief Plan
Tonight, President Bush set out a responsible budget for America's
priorities. This "Blueprint for a New Beginning" is a balanced budget that
*FIRST, fund America's priorities;
*SECOND, provide the largest debt reduction in history; and
*THIRD, provide fair and responsible tax relief for all taxpayers.
F U N D S K E Y P R I O R I T I E S:
*IMPROVES EDUCATION. Strengthens and reforms education -- provides the
Education Department the largest percentage spending increase of any
department in recent years (11.5% or $4.6 billion) and triples funding for
children's reading programs.
*STRENGTHENS DEFENSE. Strengthens our military by improving the quality of
life of our troops and their families and beginning the transition to a 21st
*PROTECTS SOCIAL SECURITY. Preserves and protects Social Security by
locking away every penny of the $2.6 trillion Social Security surplus for
*PRESERVES MEDICARE. Spends every dime of Medicare receipts over the next
10 years for Medicare, and Medicare only. The President's budget provides a
$21 billion increase in Medicare spending over the next year. The budget
also provides $153 billion over 10 years in new spending to modernize
Medicare with an integrated prescription drug benefit.
*IMPROVES HEALTHCARE. Doubles funding by 2003 for NIH medical research on
important health issues like cancer - the largest funding increase in NIH's
history. Creates more than 1,200 new community health centers to make
health care more accessible.
*PROTECTS THE ENVIRONMENT. Provides the largest increase for conservation
funds in history and fully funds the Land and Water Conservation Fund - a
$900 million commitment. The President gives EPA the second highest
operating budget ever -- $3.7 billion - $56 million higher than the FY 2001
request by President Clinton.
P A Y S O F F O U R N A T I O N 'S D E B T:
*Pays off the maximum amount of debt possible by providing the fastest,
largest debt reduction in history.
*Reduces the government debt to its lowest share of the economy since World
R E A S O N A B L E, F A I R T A X R E L I E F:
*Uses roughly one-fourth of the budget surplus to provide the typical family
of four paying income taxes $1,600 in tax relief. The largest percentage
reduction go to those at the lower end.
*It cuts all tax rates, doubles the child tax credit, reduces the marriage
penalty, abolishes the death tax, and expands charitable giving.
President Bush believes our country has limitless potential. And it is with
your help that we can pass his budget and tax cut. Please contact your
Senators and Representatives to support President Bush's tax cut.
To reach your Senators, go to:
http://www.senate.gov/senators/senator_by_state.cfm to find the contact
information for the Senators from your state.
To reach your member of the House of Representatives, go to:
http://www.house.gov/house/MemberWWW.html to find the contact information of
For more information, including a transcript of the President's speech, go
You can share this important message with your friends to encourage them to
contact their Congressman and Senators.
B U D G E T B A S I C S:
*The Congressional Budget Office and the Office of Management and Budget
project a $5.6 trillion surplus over the next 10 years.
*President Bush's budget locks away $2.6 trillion of this surplus for Social
*Under the President's budget, the U.S. will pay off all the debt that can
be redeemed - $2.0 trillion - over the next 10 years. Only debt that has not
matured will be left. It would not be cost effective for government to pay
bonuses to investors to buy back these securities. Instead, it makes more
sense to let these securities mature naturally, giving us zero debt at 2011.
*The President spends roughly 1/4 OF THE SURPLUS ($1.6 trillion) on
reasonable tax relief for every taxpayer - ONLY 6% OF ALL TAX DOLLARS THAT
WILL BE COLLECTED BETWEEN 2002-11.
*The President devotes the remaining $1.4 trillion of the surplus to
additional priorities, debt service, and contingencies. This includes his
$153 billion proposal to reform Medicare while providing prescription drug
coverage. More than $800 billion is left unallocated as a reserve for other
priorities and contingencies.
*The President's budget provides $26 BILLION MORE IN DISCRETIONARY SPENDING
THAN LAST YEAR'S BUDGET - A 4% INCREASE.
*The biggest threat to the surplus is spending. Since budget surpluses
arrived three years ago, there has been an explosion in spending, growing at
an annual average rate of 6%. UNLESS THIS SPENDING IS MODERATED, THIS
EXCESSIVE SPENDING WILL REDUCE THE SURPLUS BY $1.4 TRILLION OVER THE NEXT
*The President provides a reserve for additional needs such as defense
spending, debt service, unforeseen disasters, and other contingencies.
You can also help the RNC support the President's budget and tax relief plan
by making a secure online contribution to help fight liberal special
interests and get our message past the national media. Please make a
contribution to the RNC today by following this secure link:
Republican National Committee.
(Please forward this message to friends, family and co-workers and ask them
to show their support for President Bush's tax plan by contacting their U.S.
Senators and their member of Congress in support of the plan.)
Contributions or gifts to the Republican National Committee are not
deductible as charitable contributions for federal income tax purposes.
Paid for by the Republican National Committee.
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