http://www.foxnews.com/story/0,2933,137003,00.htmlOn taxes, Kerry says he would provide new tax breaks amounting to $250 billion targeted at the middle class for education, child care and health care. Kerry would extend all of Bush's tax cuts except for those earning over $200,000 a year. Bush, on the other hand, would extend all tax cuts that were enacted into law during his first term and would add additional breaks for businesses.
When it comes to jobs, Kerry regularly attacks the president, saying that the country has lost 1.6 million private sector jobs, the first net job-loss for a president since the Great Depression. Kerry says he would create new jobs by ending tax breaks for companies sending jobs overseas and he would lower the corporate tax rate. He has vowed to promote new energy-efficient technologies, which he says would reduce energy costs and help build new industries. Under Kerry, the federal minimum wage would be boosted from $5.15 to $7.00.
Bush's jobs plan includes increasing worker training by investing $250 million annually to strengthen the role of community colleges in workforce development. He would also allow tax-free accounts for workers to pay for training.
Perhaps the largest variance between the two men's economic plans is that of perception, (Bruce) Bartlett (senior fellow at the National Center for Policy Analysis) said. "I think that the big difference is that Bush sees the negative things in the last four years as things he inherited, things he had no control over," he said. Kerry, on the other hand, tries to "lay the blame for job losses or whatever at Bush's feet."
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