My Personal Finance Journey

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Tax (R)evolution Opinions from Bush, Kerry and Edwards

Contributed by mm | February 6, 2004 10:58 PM PST

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.

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