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Politics : Don't Blame Me, I Voted For Kerry
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To: tonto who wrote (52464)10/11/2004 6:15:58 PM
From: CalculatedRiskRead Replies (2) of 81568
 
Here is how Kerry has said he will reduce the deficit (as I've written for months):

1) Rollback Bush tax cuts on those making over $200K. This will bring in between $50 and $100 Billion per year. Most recent estimate is $85 Billion per year starting in the first year.

2) Change tax rules on major corporations for overseas profits. ~$40 Billion per year starting in the first year.

3) Kerry has an exit strategy for Iraq. Savings ~$80 Billion per year by the 4th year.

Just those 3 ideas cut the deficit from $420 Billion to $215 Billion by 2008. Kerry's spending plans will be scaled back to meet his fiscal goals. Personally, I think his healthcare plan will be net positive.

What is the Bush plan? More of the same and more tax cuts.
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