The plan currently contains many things that I gladly support-$135 billion in tax relief for families and investors over 5 years-$85 billion net. $600 billion in entitlement reform over 10 years. reforms to ensure the solvency of Medicare for the next decade. and less Govemnment spending than the President would have us spend. Of course. since the Republican Congress does not have enough of a majority to override President Clintons vetoes. the plan also includes his own initiatives. many of which I oppose. These include a new taxpayerfinanced health insurance entitlement. college tax credits that I. as a former college teacher. believe will only go to fund tuition increases and grade inflation. and reinstating SSI benefits to certain immigrants. However. the most disappointing aspect of this plan is that it doesnt really deflate the bloated Federal Govemnment. The reduction in the share of the Nations wealth consumed by the Government is based primarily on the assumption that the Nations economy will grow a little faster than Government spending.
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