Issue Position: What Principles of Tax Policy Do You Support?

Floor Speech

Quite simply, I support eliminating tax breaks for the richest 2 percent of the country. These tax breaks illustrate the fiscal irresponsibly and greed that has run rampant in Washington since President Bush and his Republican friends took over. Further, we must simplify the tax code, and we must eliminate the corporate welfare it currently includes. If working families have to pay their fair share, big companies have to pay their fair share too.

Also, I oppose repealing the estate tax, which seems to come before Congress year after year. Permanently repealing this tax on the extremely wealthy - on estates that are worth more than $2 million - does not make sense to me. At a time when our deficit is more than eight trillion dollars, and growing larger each day, it is fiscally irresponsible to pursue a policy that will cost the country $1 trillion in the first ten years.

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