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lkinsale Donating Member (662 posts) Send PM | Profile | Ignore Thu Jul-17-03 03:48 PM
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Graham's plan for economic renewal now online
Executive summary at Opportunity for All--A Plan for America's Economic Renewal Bob Graham

PDF of entire Plan here-- http://www.grahamforpresident.com/economic_plan/Graham_Economic_Plan.pdf

Reverse the Bush Fiscal Priorities

Tax Fairness:

* Repeal the Bush dividends and capital gains tax cuts.

* Stop the phase-out of the estate tax at its 2009 level with an exemption of $3.5 million ($7 million for couples), and extend it permanently.

* Reset the top rate at 38.6 percent - lower than the rate when President Clinton left office -- and create a "Millionaire's Bracket" at 40%

* Step up enforcement efforts to close the gap between taxes legally due and those actually being collected, which the Internal Revenue Service estimates at $30 billion a year.

* Repeal the tax advantages -- and impose new penalties -- for individuals and corporations who transfer assets offshore or renounce US citizenship to escape taxation.


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