I guess all of you uninformed voters
won't mind having their taxes raised?
Economic issues:
On the economy, John Kerry is the antithesis of Ronald Reagan's supply-side revolution. John Kerry opposes the economic growth-related elements of President Bush's three years of tax cuts, including the reduction on capital gains and dividends and increasing IRA contribution limits.
In December 2002, however, Kerry called for the end of "double taxation" on dividends, perceiving the need to promote investment and more accurate corporate valuation. A mere five weeks later, Kerry voted against President Bush's plan to eliminate double taxation, which was nonetheless passed by Congress and signed into law. Now, Candidate Kerry plans to restore the system of double taxation on corporate dividends if elected.
All too telling, Kerry also opposes the elimination of the infamous death tax. Kerry's latest vote against the Bush tax cuts marked at least his tenth vote against tax relief over the course of his Senate career. In true form, Kerry voted in favor the largest tax increase in the history of the United States under Bill Clinton.
Not even a consistent demand-sider, Kerry has voted against balanced budget amendments no less than five times, and logged three key votes against overall reductions in federal government spending. Nevertheless, in his campaign platform, Kerry says, "Bush's irresponsible economic policies have borrowed from future generations. I will cut the deficit in half in my first term, while investing in economic growth and American workers." In other words, John Kerry is prepared to cut deficits by increasing taxes, not by reducing spending.
Concerning Kerry's spending habits of taxpayer money, the fiscally conservative group Citizens Against Government Waste, John Kerry scores a dismal lifetime rating of 26%.
Finally, a Kerry position isn't a Kerry position without a flip-flop. In September 2001, Kerry said, "The first priority is the economy of our nation. And when you have a downturn in the economy, the last thing you do is raise taxes or cut spending. We shouldn't do either. We need to maintain a course that hopefully will stimulate the economy.... No, we should not raise taxes, but we have to put everything on the table to take a look at why we have this structural problem today. ...you don't want to raise taxes."
Now, however, Kerry says in his election platform, "I will roll back Bush's tax cuts for the wealthiest Americans to invest in education and healthcare." In other words, Kerry advocates the redistribution of income to achieve social goals (a.k.a. Socialism), rather than allowing citizens the maximal use of their wealth to create more wealth, to the betterment of all. |
