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Raise taxes on richest Americans, Democrats say - International Herald Tribune

Democratic presidential rivals called for higher taxes on the wealthiest Americans and on some corporations, as they appealed in a major debate Thursday for popular support three weeks before the first critical contest to determine who will run in the election next year.

The six presidential hopefuls, sharing a debate stage for the final time before Iowa's leadoff Jan. 3 caucuses, also stressed that any thought of balancing the federal budget would have to wait.

"We're not going to be able to dig ourselves out" of Bush-era deficits in the next year or two, Senator Barack Obama of Illinois said.

Asked about eliminating deficits, several of the Democrats responded by mentioning higher taxes on the wealthy and on big corporations.

"I want to keep the middle class tax cuts" that Congress passed during President George W. Bush's tenure, said Senator Hillary Rodham Clinton of New York. But she said she favored raising taxes for the wealthiest income-earners and corporations.

"The truth of the matter is the tax policy has been established by the big corporations and the wealthiest Americans," said former Senator John Edwards of North Carolina. "What we ought to be doing instead is getting rid of those tax breaks."

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Fri Dec 14th, 2007 at 12:46:16 AM EST
[ Parent ]
about eliminating subsidies to the rich!

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Dec 14th, 2007 at 04:12:02 AM EST
[ Parent ]
Let's call it "welfare reform" ;-)

"The basis of optimism is sheer terror" - Oscar Wilde
by NordicStorm (m<-at->sturmbaum.net) on Fri Dec 14th, 2007 at 04:37:52 AM EST
[ Parent ]


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