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From: eLeader@mail.echampions2000.com Sent: Tuesday, February 27, 2001 8:25 PM To: fhoot@aol.com Subject: Bush Tax Relief Plan Fred Hoot, Dear Friends, Tonight, President Bush set out a responsible budget for America's priorities. This "Blueprint for a New Beginning" is a balanced budget that will... *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 century force. *PROTECTS SOCIAL SECURITY. Preserves and protects Social Security by locking away every penny of the $2.6 trillion Social Security surplus for Social Security. *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 War I. 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 your member. For more information, including a transcript of the President's speech, go to: http://www.bushtaxrelief.com/ 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 Security. *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 TEN YEARS. *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: https://www.econtributor.net/Contribution/Contribution.cfm?AID=ITYPOWNPZHII Thank you. Sincerely, Jack Oliver Deputy Chairman, 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. If you wish to unsubscribe from the eChampion mailing list, simply click here: (unsubscribed line removed by fh) To become an eChampion click here:
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