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Statement on the Congressional Effort To Override the Veto of Marriage Penalty Tax Relief Legislation
Through 7 years of tough choices and fiscal discipline, we have changed record deficits to surpluses, paid down the debt for 3 years in a row, and put America on course to be debtfree by 2012. As today's vote demonstrates, the majority in Congress still seems to be determined to knock America off this path of fiscal discipline with a 10 year tax plan that will drain nearly $2 trillion from the surplus and drive us back into deficits.
I urge Congress to work with me on a middleclass tax cut to help Americans send their children to college, provide long-term care for elderly or disabled relatives, make child care more affordable, and provide targeted marriage penalty tax relief. If the majority in Congress is serious about paying down the debt, they should abandon the failed tax plan they continue to advocate and work with me to pass tax cuts targeted to America's families, strengthen Social Security and Medicare, create a voluntary Medicare prescription drug benefit, invest in education, and keep America on course to be debtfree by 2012. This is the best approach for America.
NOTE: The President vetoed H.R. 4810, the "Marriage Tax Relief Reconciliation Act of 2000," on August 5.
William J. Clinton, Statement on the Congressional Effort To Override the Veto of Marriage Penalty Tax Relief Legislation Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/228905