June 26,2000

Roth Welcomes President's Cooperation on Prescription Drugs and Tax Relief

WASHINGTON -- Senate Finance Committee Chairman William V. Roth, Jr. (R-DE) today welcomed President Clinton's offer to work with Congress on a Medicare prescription drug benefit and family tax relief.

On Monday, Clinton said, "If Congress will pass a plan that gives real voluntary Medicare prescription drug coverage, available and affordable to all seniors and consistent with the principles of my plan, costing roughly $250 billion over 10 years, then I will sign a marriage penalty relief law which also costs roughly $250 billion over 10 years."

Roth issued the following response on Monday:

"I am pleased that the President wants to work with Republicans on these important issues. I think there is no question that with these huge surplus estimates, we can both substantially cut taxes and provide a prescription drug benefit in the context of overall Medicare reform.

"Republicans and Democrats on the Senate Finance Committee are working together on a Medicare plan that would not only add an important drug benefit, but also introduce reforms that would put the program on stronger footing. I think it is important that we continue our bipartisan work. I look forward to working with my colleagues and the President on getting important work done for Americans this Congress."