Kerry Tax Cut Proposals

[sandnsea]

http://www.johnkerry.com/pressroom/releases/pr_2004_0414c.html

John Kerry Has Proposed Nearly Three Times As Much New Tax Relief For Middle-Class Families As George Bush

Middle class families are increasingly being squeezed by the economy. The Middle class Misery Index has worsened substantially – in part because college tuition has been rising at the fastest rate on record and health costs have risen at the fastest rate in decades. At the same time the economy has lost 2.6 million private sector jobs under George Bush – falling 7 million jobs of the prediction the Bush dministration made in February 2002. John Kerry wants to extend the middle-class tax cuts and make them permanent. In addition he is proposing new tax cuts for middle-class families and job creation:

Kerry

John Kerry Is Proposing Nearly Three Times More In Tax Cuts to Help Families Pay the Bills


Education
$50 billion in tax cuts – pays 60 percent of $4,000 in tuition

Bush No proposal

Health
$177 billion in tax cuts – part of a plan to provide more affordable coverage for all Americans.


Bush - Less than half the amount of tax cuts, fails to provide insurance for most of the uninsured and fails to help middle-class families with premiums.

Total Tax Cuts

More than $225 billion in additional tax cuts to benefit middle-class families.

Bush - $86 billion in additional tax cuts.

John Kerry is Proposing Tax Cuts to Help Businesses Create Jobs; George Bush Has No Jobs Plan

Job Creation
New Jobs Tax Credit – covers the payroll taxes for new hiring by manufacturers, other businesses affected by outsourcing, and small business.

Bush - No proposal.

Small Businesses
Tax cuts for small businesses that create jobs and for small businesses with health insurance expenses.

Bush - No proposal.

All Businesses
5 percent reduction in the corporate rate will cut taxes for 99 percent of taxpaying corporations.

Bush - No proposal.

[NoPasaran]

1. Not that I'm a fan of taxes

But wouldn't all tax cuts increase an already gigantic deficit? Or is there another side to this coin not disclosed in this press release?

[sandnsea]

5. Roll back the $200,000 tax cuts

Did you just forget what he's been saying for a year now, not ever know, what? As well as closing the offshore Bermuda loopholes and other corporate welfare subsidies?

[NoPasaran]

7. I'm just saying

Not a word of this is mentioned in the press release on his website. And I plead guilty to not recalling every word he's spoken over the last year. I would suspect that most of the rest of the country would be guilty of the same crime.

[gWbush is Mabus]

2. i want more corporations to pay MORE taxes

half of them don't pay anything
and those that do pay like 10%

[Name removed]

3. Deleted message

Message removed by moderator. Click here to review the message board rules.

[ulTRAX]

4. and how does this get us to a surplus?

We need a true revenue surplus to pay down the debt to get ready for the Baby Boom retirement. Even if some of Bush's irresponsible tax cuts are reveresed... how will more tax cuts help?

[sandnsea]

6. That's how Clinton did it

Targeted tax cuts to help small business and working people to move ahead.