Posted on 02/01/2008 9:00:20 PM PST by newbie2008
With the upcoming 2008 presidential election, tax policy will soon be on voters' minds more than ever. Taxes are one of the central issues in any national election, and it is important for the public to understand candidates' general views toward tax policy as well as their positions on specific issues, such as the alternative minimum tax (AMT) and corporate tax rates. While some candidates have been more forthcoming and specific than others about their stance on various tax issues, they will all need to divulge and elaborate on their positions as the race progresses.
The chart below outlines the candidates' positions on the most important tax questions of this election. As the race narrows and the remaining candidates refine and expound their positions, this page will be augmented.
To view or compare candidates' positions, check one or more boxes below and click "Compare."
Mitt wants to repeal estate tax....McCain does not
I want to repeal all taxes an spening and start over with a blank sheet of paper
Democrats don’t even understand raising taxes will reduce tax revenues collected, can’t wait to see that deficit, as CNN tells us how stupid we were to vote in a Democrat.
Mitt Romney |
John McCain |
Ron Paul |
Mike Huckabee |
|
|
Marginal Individual Income Tax Rates |
Lower the bottom (10%) bracket to 7.5%; make the remaining Bush tax cut rates permanent. (Source) |
Maintain current (Bush tax cut) rates. (Source) |
Eliminate, replace with "nothing" (by drastically reducing federal expenditures) (Source) |
Eliminate, replace with National Retail Sales Tax (the "FairTax") (Source) |
|
Corporate Income Tax |
Lower to 20% (from 35%) over a two-year period. (Source) |
Cut to 25% (from current 35%) (Source) |
No plan |
Eliminate, replace with National Retail Sales Tax (the "FairTax") (Source) |
|
Tax Reform |
No specifics; would make system "simpler, fairer and flatter." (Source) |
No specifics; suggests a system that's "simpler" and "fairer" with "lower" rates. |
Eliminate the income tax. (Source) |
Implement a National Retail Sales Tax (the "FairTax") (Source) |
|
Estate Tax |
Repeal. (Source) |
Modify to apply to estates over $10 million, taxed at 15% rate. (Source) |
Repeal. (source) |
Eliminate, replace with National Retail Sales Tax (the "FairTax") (Source) |
|
Social Security Payroll Tax |
Eliminate payroll tax on employees over 65 years old. (Source) |
No specifics; opposes tax increase as solution. (Source) |
No specifics; "lower." (Source) |
Eliminate, replace with National Retail Sales Tax (the "FairTax") (Source) |
|
Alternative Minimum Tax |
Index to inflation. (Source) |
Permanently repeal. (Source) |
Permanently repeal. |
Eliminate, replace with National Retail Sales Tax (the "FairTax") (Source) |
|
Other Tax Policies |
Eliminate all taxes on interest, dividends, and capital gains for anyone with Adjusted Gross Income under $200,000. (source) |
|
Eliminate taxes on savings, dividends, and capital gains. (Source) |
|
Ron Paul wouldn’t have that kind of power. He would need the Congress to go along with him and it is doubtful that would happen.
Hillary said she’ll return to the tax rates in place before the Bush tax cuts.
Nice layout.. Thanks.
FYI:
More meat, less fat, and no messy cleanup.
:-)
Definitely shows that the reason Huckster picked up Fair Tax. He can simply serve the kool aid and claim to have a comprehensive tax reform plan (that is not comprehensive) I like your chart!
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