Edwards Statement on President Bush Tax Comments

[JohnLocke]

Edwards Statement on President Bush Tax Comments
John Edwards for President
Thursday, August 9, 2007
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Chapel Hill, North Carolina – Senator John Edwards released the following statement about President Bush's comments on taxes during his press conference today.

"Today, George Bush suggested that his priority on taxes would be, yet again, to help some of the wealthiest American investors and businesses. I couldn't disagree more. A month ago, I announced a plan to reward work, not just wealth, by taxing private equity and hedge funds fairly. That means no more special privileges -- charging income tax rates on the fund managers' incomes and corporate tax rates when funds go public.

"My plan to bring the tax code back in line with American values will prioritize tax cuts for the real engine of the American economy: the middle-class and working families who go to work every day and deserve to keep more of their paychecks."

http://johnedwards.com/news/press-releases/20070809-bush-tax-comments/

[BearSquirrel2]

1. Don't stop there !!!!

Bring back the Clinton 42% rate and add a new bracket for those making over a million!!!

Oh, they'll say that the Democrats are passing the greatest tax increase in history. They'll say it will plunge the economy into a recession. That's what they said in 93' and we should be adament about playing video of all the House Representatives whose voodoo economics is 100% dead wrong.

And that old "Reagan Lowered Taxes and raised revenues should be revised to point out that Congress AND Reagan raised FICA taxes .. and revenues increased!!!

[Lugnut]

3. And while thy're at it

They can vote to remove the cap on Social Security income.

[BearSquirrel2]

6. Good point ...

Or they could bump it up and index it to inflation.

One of the biggest scams in public finance is that tax breaks for the poor are expressed in fixed amounts that diminish with inflation. Tax breaks for the wealthy are expressed in percentages.

[JohnLocke]

2. Kick (nt).

[JohnLocke]

4. Kick (nt).

[Beaverhausen]

5. Why aren't any of the sitting senators reacting to what Bush said yesterday?

Fuck them. I'm really sick of this. Why is Edwards the only one speaking out???

[JohnLocke]

7. Kick (nt).