Las Vegas Sun

November 26, 2014

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2008 Elections

Hillary Clinton on Taxes

 

She is in support of a fair and progressive tax system that forces those that make the most money to give back the most money as well. As part of her nine-point tax reform plan, Clinton would let Bush's tax cuts for people making more than $250,000 expire in 2010. In addition, her plan would allow for the Bush-imposed estate tax cut credits to increase until 2009 when she would freeze them. According to Clinton's campaign, these cuts to Bush's current tax policy would pay for her proposals without increasing the national deficit. Clinton admits that the Alternative Minimum Tax needs reforming, but does not completely back the plan of U.S. Rep. Charlie Rangel, D-N.Y., to repeal the AMT and implement a 4 percent surplus tax on a single $150,000 income or married $200,000 income. Some critics argue though that Clinton's promise not to increase the deficit — as opposed to decreasing it — is not enough to be deemed fiscally responsible.

 

Clinton's campaign Web site: Read more about how Clinton wants to give tax cuts to the middle class.

 

YouTube Video: Clinton addresses the AMT (Alternative Minimum Tax) reform proposed by U.S. Rep. Charlie Rangel, D-N.Y.

 

YouTube Video: An ABC News special highlights the Democrat's long history of being, "spend-and-tax liberals" and the differences between the Democrat presidential campaigns of today and those of the past.

 

— Las Vegas Sun new media intern Jenna Kohler compiled this report.

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