Paid for by Gore/Lieberman, Inc.
13
(4) AN ELDERLY COUPLE RECEIVING MEDICARE
PRESCRIPTION DRUGS AND BUYING INTO
MEDICARE
A 62-year old woman with hypertension, who has been a foster mother and community
volunteer for 25 years, has lost her health insurance because her husband retired. Her spouse
who was a package handler was force to retire at age 65 because he could no longer physically
do his work. He is now on Medicare. This couple has a combined Social Security and pension
income of $45,000 annually. His prescription drug bills are $610 per month ($7,320 per year).
Gore -
Lieberman
Bush -
Cheney
Difference
Tax Cuts for Working Families
17
Marriage Penalty Relief
$225
$0
+$225
Other Tax Cuts
$0
$225
-$225
Total Tax Cut
$225
$225
+$0
Savings From Fiscal Discipline
18
Car Payment Savings
19
$10
-$40
+$50
Health Insurance for 62 Year-old
20
Savings on Premiums
$3,235
$0
+$3,235
Health Insurance Tax Credit
$978
$500
+$478
Total Savings on Health Insurance
$4,213
$500
+$3,713
Prescription Drug Benefit Savings
21
$2,288
-$118
+$2,406
Total Savings For Family
$6,736
$567
$6,169
17
See appendix for details on tax calculations.
18
Based on the magnitude of the Bush tax cuts and other policies, Deutsche Bank estimates that interest rates would be 0.75
to 0.5 percent higher under Bush's tax cut and spending policies than under the Gore-Lieberman economic plan [Deutsche
Bank, 9/7/00].
19
Assumes a $15,000 car loan.
20
See appendix for details.
21
See appendix for details.
