CLINTON TAX CUT A DELAYED TAX INCREASE 

 President Clinton, when attacking Sen. Dole's tax cut 
proposal,  frequently cites his own tax cut plan, which he 
calls "targeted" because it only goes to selected taxpayers, 
as a more prudent approach.  What he does not dwell on, or 
even mention, is that his tax cut is temporary and will 
eventually raise taxes by $64 billion increase. 
   This was noted in an Associated Press story in September 
which attributed that report to the Joint Committee on 
Taxation and pointed out that the Democrats "don't dispute 
the accuracy of the joint committee's numbers."   
   The Joint Committee Study reveals that the tax cuts Clinton 
proposed in his 1997 budget and during the presidential 
campaign will produce $64 billion in new taxes over ten 
years.
   The tax cuts he has proposed, the committee notes, add 
up to $124 billion over 10 years while his tax increases total 
188 billion.  
   Perhaps most significant is the little reported fact that 
Clinton's $500 per child tax credit -- in addition to being more 
restrictive than Dole's child credit -- is only a $300 credit the 
first year and then rises to $500 for 1999 and 2000 and then 
it expires. In the year 2001, American parents would not 
receive a tax credit under President Clinton proposal.
   By contrast, Dole's $500 per child tax credit begins at full 
value the first year and is permanent.  
   The Joint Committee on Taxation also observed that most 
of the more than 50 tax increases proposed by Clinton, un-
like the tax cut, would be permanent.