10/30/2004

Kerry and Bush Tax Difference

The largest topics during this election have been foreign policy, economy, health care, and military. When economy comes up and possible solutions arise Kerry and Bush have seemingly night and day views when it comes to tax cuts. The truth is that Kerry supports all of Bush's tax cut except for the cut for the ritch. However, the difference is not astounding according to Clint stretch, director of tax policy. A family consisting of two children earning an annual household income of $250,000 can expect to pay $1,300 more under Kerry's tax plan. The same family making an annual income of $180,000 would see no change under John Kerry's tax platform. However, Kerry promises that the ritch will be supplying the military with additional aid, healthcare reform along with more affordable healthcare coverage, and cut the deficit by 50% in four years. Kerry's arithmatic in terms of costs for his platforms and the inflow from his tax plan seem far fetched. There will be no change from Bush's tax plan on the poor and middle class.

www.msnbc.msn.com/id/6336867

6 comments:

John West said...

Tuesday can't come soon enough in my mind. I will be glad to have the election behind us. Hopefully the people in the key states will pick the right man for the job.

Bruce Banner said...

Please vote! hopefully you will make the right choice.

Biancca said...

Whatever tax laws they decide on they should consider the poor accounting students. I don't think it is wise to create tax laws that are so difficult to understand that the chance of anyone actrually following them correctly is remote at best. presidents should sit down and do a tax return before they create more laws to make them nearly impossible to do.

Bryce Larkin said...

I am always upset when the government wants to tax the rich more and more. They are the people that are spending the money and giving the jobs to the poor in the economy. I don't think the government can spend my money better than me.

Maudi said...

Kerry is a man of many words however most of those words are worthless. His Idea for taxing people still ends up hurting the poor and middle class. The only real way to fix the problem is to have a flat tax. Bush is trying to bolster the economy with the tax breaks. I agree with his thinking because when the tax payer has more money and less tax burden they are more likely to spend it.

Dr. Tufte said...

-1 for spelling mistakes in Stevepadilla2's post.

Let me channel Landsburg for you: the closeness of the election is a signal that there isn't too much difference between the candidates' positions. This sounds like a heresy, but think about the volume of name calling, and the small volume of discussion about serious policy differences. It may just be that there aren't many.