The Dole Tax Package: Selling America Another Lemon


 

Publication Date: November 1983

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Thomas M. Humbert

Research Area: Banking and finance

Keywords: Taxes

Type: Report

Abstract:

Congress and the President have heard promises before of massive budget cuts i n return for a package of tax compliance and "loophole closing" measures. In falling for the 1982 bargain, Americans bought a lemon--a package which gave them a tax increase but failed totally to deliver on the budget cuts. Senator Kasten is now asking Senator Dole to complete the first bargain by cutting $167 billion from spending before Congress contemplates the next one. What could be more teasonable than this?