Edwards Says Bush Will Eliminate Tax Deductions for Home Mortgages, Charity, and Health Care; Says Bush Tax Plan as Dangerous as Socialism, Will Further Endanger Working Families and Middle Class
Edwards blasted Bush’s economic policies and tax agenda and said the Bush Tax Plan will eliminate the tax deduction for home mortgages, charity, and health care. Edwards outlined a detailed Kerry-Edwards plan for economic recovery that would cut taxes for working Americans, end tax breaks for companies creating jobs overseas, and cut taxes for 99 percent of businesses. Edwards said that the Bush administration's policies have helped the wealthy to protect their wealth at the expense of the middle-class and working families. Edwards called the Bush Tax Plan as dangerous as Socialism to our democracy and free enterprise system.
Cleveland, OH (PRWEB) September 28, 2004 -- Democratic nominee for vice president John Edwards blasted the Bush administration for destroying the strength of the middle-class and weakening the American economy.
Delivering his major economic address in Cleveland, Edwards said, "The president has spent the past four years working to shift the tax burden onto people who work, while eliminating taxes on unearned income. The Bush administration’s new 'tax reform' plan, as revealed in a memo released by his former Treasury Secretary, is a reckless continuation of the President’s history of serving special interests on the backs of working Americans."
"The President’s plan will raise taxes on typical families and take away deductions for home mortgages, charity and health care, hurting middle class families even more than before and rewarding special interests."
“The President’s new ‘tax reform’ is the ultimate expression of his values,” said Edwards. “We don’t know all of the details, but we know that people who inherit hundreds of millions will pay nothing; firemen and waitresses and working people will pay everything. And we know his plan will take away the most important incentive for the single most important form of ownership: it will eliminate entirely the tax deduction for home mortgage interest.”
Edwards pledged to fight every day for an economic plan that will unleash the productive powers of America’s workers and companies, create millions of good-paying jobs and strengthen the middle class.
“Make no mistake. Bush’s tax agenda is the most radical and dangerous economic agenda to hit our shores since socialism a century ago,” said Edwards. “Like socialism, it corrupts the very nature of our democracy and our free enterprise tradition. It is not a plan to grow the American economy. It is a plan to corrupt the American economy and shrink the winners circle.”
http://www.emediawire.com/releases/2004/9/emw161375.htm
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