Tax (R)evolution Opinions from Bush, Kerry and Edwards
USAToday breaks out how each presidential candidate stands in terms of economy and tax issues. Here are the viewpoints of the top dogs:
George W. Bush (R)
Wants $3,000 re-employment accounts to help the unemployed with job-search expenses. Make recently passed temporary tax cuts permanent. Ease business regulations, pursue more free trade deals, increase domestic energy production, save costs to the economy by limiting class-action suits and medical malpractice liability.
Sen. John Forbes Kerry (D-MA)
Roll back the Bush tax cuts for the wealthiest Americans; keep parts of the package for middle and low-income people. Spend on highways, school construction, pollution cleanup, energy projects and more to create 3 million jobs in 500 days.
Sen. John R. Edwards (D-NC)
Eliminate Bush's tax cuts for Americans earning at least $240,000. Set top capital gains tax rate at 25 percent for Americans earning at least $400,000. Give 10 percent tax cut to companies that make products in U.S. Establish new fund for rural business and incentives for urban business. Tax credit of up to $5,000 for first-time homebuyers. Cut federal work force by 10 percent over 10 years by attrition, excluding defense and domestic security personnel.
Joseph Anthony discussed six signs one does not need a tax pro to file tax: Read
A while ago I blogged about the new saving accounts proposed by the Administration. Now actually there are four types of saving accounts in proposal now. Here is my summary based on an excellent FoxNews primer: Read
"Tax Guru" Kerry M. Kerstetter argues that we should not trust that the DC policy makers will honor their promise for tax-free Roth IRA withdrawal decades down the road. Read
"National Taxpayers Union 2004 Taxpayer Wish List" is a collection of interesting ideas about how to transform our tax system. Some (provoking) ideas: Read
