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.