Paid for by Gore/Lieberman, Inc.
(2) A COUPLE MAKING $50,000 AND CARING FOR
AN ELDERLY PARENT AND SAVING TO SEND
THEIR CHILD TO COLLEGE
A couple from Connecticut makes $50,000, has a 1 year-old child and cares for their elderly
mother. The wife makes $30,000 per year as a teacher. She has been teaching for several years
and recently became fully certified as a master teacher. The husband works part-time as a free-
lance writer making $20,000 per year but spends significant time caring for his mother who has
Alzheimers and lives with the family. Even with all their expenses, they manage to save $1,000 per
year which they will use to put their child through college.
Tax Cuts for Working Families
Marriage Penalty Relief
Long-term Care Tax Relief
Tax Credit for Savings
Other Tax Cuts
Total Tax Cut
Savings From Fiscal Discipline
Mortgage Payment Savings
Car Payment Savings
Total Interest Savings
Higher Standards/Higher Pay for
Total Savings For Families
See appendix for details on tax calculations.
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
Assumes a $100,000 home mortgage.
Assumes a $15,000 car loan.