Friday, August 06, 2004

kerry's tax plan

From Kerry campaign literature:
This week, I have been writing to you each day from the road about a different piece of the plan John Edwards and I have laid out for a stronger America. Today, I would like to talk about our commonsense plan to cut the deficit in half, make health care affordable, support small business, and improve our schools:

  • Cut middle class taxes: Let me be very clear: I will not raise taxes on middle-class Americans by one dime -- I will cut them, including tax cuts to make health care and education more affordable. 98 percent of Americans will pay less taxes under my plan, period.

  • Repeal Bush's tax cuts for the elite to pay for health and education: I will make health care affordable and accessible for all Americans and invest in education by rolling back the Bush tax cuts for individuals making over $200,000 per year.

  • Get government spending under control: I will restore the spending caps of the 1990s to ensure that spending -- outside of education and security -- does not grow faster than inflation.

  • End corporate welfare to reduce the deficit: I will push the McCain-Kerry Corporate Welfare Commission to eliminate wasteful and unnecessary corporate subsidies, and I will use the savings to reduce the deficit.

  • Reduce the corporate tax rate by 5 percent by ending tax breaks for companies that move jobs overseas.

  • Provide significant relief to employers who offer their employees quality health coverage. Our plan will cover certain high-cost health cases and save families up to $1,000 per year.

View our full plan here: