Monday, August 30, 2004

Jane on Taxes

From Jane Mitakides' website:
Fair, Balanced Tax Cuts

It is painfully clear that the current administration's approach to tax reform has unfairly benefited the wealthiest Americans and left most of Ohio's working families with a still-unacceptable tax burden. Tax cuts work best when they reach the maximum number of Americans. We need a tax code for America that is fair and balanced in its approach, and prioritizes the needs of America's middle class families.

When elected to Congress, I will work to:

* Support tax cuts that reach the maximum number of Americans, for true economic stimulation

* Update the Alternative Minimum Tax to avoid the unfair burdening of the middle range of taxpayers

* Revise, not eliminate, capital gains cuts and dividend taxes, to include professional and small corporations – not just the giants
It is painfully clear that Jane really doesn't have a clue what she's talking about. The top 20% are paying 80% and we're not talking millionaires here. It's more like "thousandaires." The top 50% in 2001 made $26,000 and up if they filed jointly.

Tax cuts do work best when they reach the maximum number of families. Failure to extend the President’s tax cuts permanently would mean a massive tax hike on America’s families. For example, in 2005, the tax burden on a family of four earning $40,000 would increase by $915. Raising taxes on the American people would hurt families and hurt our economic recovery.

To learn more about the Alternative Minimum Tax system, go here.

If Jane will back up her claims with some proof and some details about her plans, it would be helpful for determining her position. The thing is, she slams the President, but doesn't really proivide an alternative.

President Bush reduced the tax burden on the 90 percent of small businesses organized as S corporations, partnerships or sole proprietorships and who pay their taxes at the individual income tax rates. Small businesses create 7 out of 10 jobs in our economy. Cutting marginal income tax rates allows small businesses – America’s job creators – to invest more of their money in their businesses to expand and create more jobs.

Another thing: I thought Jane was running against Mike Turner for this seat, not President Bush. I think Jane doesn't know who her opponent is...either that or she thinks Bush hatred is going to get her somewhere. It isn't enough, Jane. Substance wins over style...

Jane On...

...Energy and Conservation
...Health Care


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