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Republicans talk economics
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July 23, 1996: 8:29 p.m. ET
Dole, party leaders say they will cut taxes on individuals, businesses
From Correspondent Irv Chapman
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WASHINGTON (CNNfn) - Presumptive Republican presidential nominee Bob Dole is currently refining his economic program which will probably include some form of a tax cut.
Party members who want to push Dole to move quickly on cutting taxes as well as those who are worried about their re-election chances came together Tuesday for a summit.
They are trying to counter President Clinton's boasts about creating 200,000 new jobs each month. Party leaders are now working on their own message they will soon take to voters.
"We are living in the Clinton years in economic stagnation. Your incomes are not growing, but your taxes are," said House Majority Leader Rep. Richard Armey.
Florida Republican Sen. Connie Mack, chairman of the Joint Economic Committee, said the Republican plan is all about reducing the tax burden on American families and businesses.
Jack Kemp, chairman of Empower America, said Washington has to change its thinking.
"The greatest myth in economic thinking in America at this moment is the idea that somehow growth causes inflation," he said.
Dole's advisers took part in the summit, but did not steal their candidate's potential thunder. They say Dole is very involved in the process and will release a good plan soon.
"The senator knows this subject inside and out. He's interested in it. He's deeply involved in the process of fashioning a growth plan and it's going to be a good one," said Dole campaign advisor Donald Rumsfeld.
Still, some Republicans in Congress fear weakness at the top of the ticket will hurt their own re-election chances, said Ron Facheux, editor and publisher of the political magazine Campaigns & Elections. (185K WAV) or (185K AIFF)
Other conservatives are worried about Dole's past track record of putting deficit reduction over cutting taxes.
The summit was designed to reverse that priority. Many Republicans say lower taxes would double the nation's growth rate which would give the government more money in the end.
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