Statement by the President: Marriage Tax Penalty (7/22/00)
                              THE WHITE HOUSE

                       Office of the Press Secretary
                             (Okinawa, Japan)

For Immediate Release                                    July 22, 2000

                        STATEMENT BY THE PRESIDENT

While I strongly support targeted marriage penalty relief, the marriage
penalty bill promoted by Republicans in Congress is one part of a costly,
poorly targeted, and regressive tax plan.  This plan would risk our fiscal
discipline and continued prosperity, while giving more benefits to the top
one percent of taxpayers than to the bottom eighty percent of all
Americans.  At the same time, the Congress has ignored tax cuts I have
proposed for college tuition, long-term care, savings, and childcare.  This
latest bill just passed by the Congress is even more costly than the
earlier versions passed by the House and Senate.  In the interest of fiscal
responsibility, I will veto this and any subsequent legislation that
threatens our ability to pay down the debt and strengthen Medicare and
Social Security.


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