Issues
Taxes
Even though the Iraq war promises to dominate the race for the White House, economic factors such as taxes will also be a factor when voters cast their ballots on Election Day.
Democrats
Republicans
Joe Biden
Opposed 2001 and 2003 Bush tax cuts. Opposed extending tax cuts through 2010. Proposed legislation to roll back some tax cuts for those making over $1 million a year.
Rudy Giuliani
Supports making Bush tax cuts permanent. Opposes the proposal supporters call the "Fair Tax," which would repeal income taxes and other taxes and abolish the Internal Revenue Service and replace them with a national retail sales tax. Says he most likely would not sign it into law as president. Says the "Fair Tax" would have a massive negative impact on charities and on state and local governments. Also says it would require a long transition time before it could be implemented.
Hillary Clinton
Opposed 2001 and 2003 Bush tax cuts. Opposed extending tax cuts through 2010.
Mike Huckabee
Supports proposal supporters call the "Fair Tax," which would repeal income taxes and other taxes and abolish the Internal Revenue Service and replace them with a national retail sales tax. Signed a pledge not to raise taxes.
Chris Dodd
Opposed 2001 and 2003 Bush tax cuts. Opposed extending tax cuts through 2010, saying they primarily benefited the wealthiest Americans and increased the deficit. Supports tax incentives for businesses that invest in employee health care, pensions and innovations.
Duncan Hunter
Supported 2001 and 2003 Bush tax cuts. Supported extending tax cuts through 2010. Co-sponsored a proposal supporters call the "Fair Tax," which would repeal income taxes and other taxes and abolish the Internal Revenue Service and replace them with a national retail sales tax. Signed a pledge not to raise taxes.
John Edwards
Opposed 2001 and 2003 Bush tax cuts. Supports eliminating tax cuts for oil companies and the wealthiest Americans.
John McCain
Voted against 2001 and 2003 Bush tax cut laws, but later voted in favor of extending tax cuts through 2010. Says he would sign into law a proposal supporters call the "Fair Tax," which would repeal income taxes and other taxes and abolish the Internal Revenue Service and replace them with a national retail sales tax.
Mike Gravel
Calls for replacing the IRS and income taxes with a national sales tax and issuing funds to families living below the poverty line.
Ron Paul
Supported 2001 and 2003 Bush tax cuts. Supported extending tax cuts through 2010. Says he would vote for the proposal supporters call the "Fair Tax," which would repeal income taxes and other taxes and abolish the Internal Revenue Service and replace them with a national retail sales tax. Signed a pledge not to raise taxes. Named House's "top tax cutter" by conservative Human Events magazine.
Dennis Kucinich
Opposed 2001 and 2003 Bush tax cuts. Opposed extending tax cuts through 2010. Supports restoring tax rates in place during Clinton administration.
Mitt Romney
Supports making Bush tax cuts permanent. Did not support or oppose the Bush tax cuts as governor. Has not endorsed the proposal supporters call the "Fair Tax," which would repeal income taxes and other taxes and abolish the Internal Revenue Service and replace them with a national retail sales tax. Says the economic impact would have to be studied before instituting such a major change to the tax system. Would eliminate estate taxes and taxes on interest dividends and capital gains. Signed a pledge not to raise taxes.
Barack Obama
Opposed extending 2003 Bush tax cut law through 2010. Supports eliminating marriage penalty and extending child tax credit. Supports scaling back capital gains and dividends tax cuts and re-examining tax benefits for the top one percent of earners.
Tom Tancredo
Supported 2001 and 2003 Bush tax cuts. Supported extending tax cuts through 2010. Co-sponsored legislation supporters call the "Fair Tax," which would repeal income taxes and other taxes and abolish the Internal Revenue Service and replace them with a national retail sales tax. Signed a pledge not to raise taxes.
Bill Richardson
As governor, supported and signed into law cuts in capital gains taxes and income taxes in his first term. Proposed a tax cut package that includes breaks for active-duty and retired military personnel, low-income families and small businesses. Opposed Bush tax cuts, saying that they were not offset by surpluses or additional revenue.
Fred Thompson
Voted in favor of 2001 Bush tax cut law. Has not endorsed or opposed the proposal supporters call the "Fair Tax," which would repeal income taxes and other taxes and abolish the Internal Revenue Service and replace them with a national retail sales tax. Says he would consider replacing the current income tax system with a retail sales tax. Says he would dissolve the Internal Revenue Service "as we know it."
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