Clinton scorns Republican tax cut plans

GOP accused of treating surplus like `lottery' gain

July 23, 2000|By NEW YORK TIMES NEWS SERVICE

WASHINGTON - Saying that Republicans in Congress were treating the projected federal budget surplus "as if they'd won it in the lottery," President Clinton defended yesterday his promise to veto the main tax cuts passed by the House and Senate and called for bipartisan cooperation in setting the nation's fiscal priorities.

In his weekly radio address, taped in Japan - where he is meeting with the leaders of the big industrial nations - Clinton said Republicans were rushing toward spending all the projected surplus on tax cuts that would go primarily to the wealthy.

He said the drive for tax cuts was putting at risk the government's opportunity to eliminate the national debt, failing to address the needs of working people and undermining efforts to shore up the Social Security and Medicare systems.

Sen. Rod Grams, a Minnesota Republican, said Clinton did not understand that the surplus came from tax revenues and ought to be returned to the people who earned it, the taxpayers.

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