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Democrats
on the Economy and Tax Cuts:
 Democrats
have offered more than 10 different plans to stimulate the economy
-- the major plans are put forward by the House Democratic leadership
and Sen. Daschle. - House
Democrats have proposed a $136 billion, 10-year plan, with most
of the spending coming in the first year to serve as a short-term
economic boost.
- The
House leaders' plan has no cut in dividend taxation or income
tax rates. It calls for spending $55 billion on the one-time,
$300-a-person income tax rebate, $32 billion in business investment
incentives, $31 billion in aid to states and $18 billion to
extend unemployment benefits.
- The
Daschle plan is a one-year, $141 billion effort to help struggling
states and boost personal income in an equitable way.
- The
plan includes an immediate, one-time tax cut, or rebate, of
$300 per adult and another $300 per child, up to two children
per family.
- Under
the Senate minority leader's proposal, state and local governments
would get $40 billion to help pay for anti-terrorism activities,
education and rising Medicaid costs and one million jobless
workers who have already exhausted their assistance would have
their unemployment benefits extended.
-
Most Democrats seeking the presidency in 2004 have offered stimulus
plans of their own. North Carolina Sen. John Edwards wants a
$500 refundable energy tax credit. U.S. Rep. Richard Gephardt
of Missouri has proposed $125 billion in spending for areas
such as homeland security and school construction, and $75 billion
in tax relief for families.
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