Positions and Views of John Kerry
on Taxes
| Previous Candidate for U.S. Senate, Massachusetts |
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| Taxes |
Positions and Views |
| Taxes, a General Statement |
I believe we should reward hardworking middle-class families with tax breaks, not larger bills. We should expand the reach of opportunity, not the size of government. And we should lead an America where we work together to invest in the jobs of tomorrow.
Source: kerry.senate.gov (04/26/2008) |
| Corporate Income Taxes |
John Kerry's tax plan will:
- Lower the corporate tax rate from 35 percent to 33.25 - a 5 percent reduction.
- Cut taxes for over 99 percent of tax-paying companies. The Kerry-Edwards international tax reform will increase hiring and investment in America by American companies. An analysis of IRS data shows that more than 99 percent of corporations paying corporate income taxes would see their taxes reduced under the Kerry-Edwards proposal.
The Kerry-Edwards plan to close tax loopholes and end deferral will not increase the deficit by one dime - in fact, it will save an average of $12 billion a year.
Source: Candidate Website (10/02/2004) |
| 2001 Tax Cuts |
Over the last three years, record surpluses have turned into record deficits, with more deficits stretching into our children's future. Today, we face unsustainable foreign borrowing, rising interest rates, and sinking consumer confidence. President Bush's irresponsible tax cuts have helped create these record deficits.
Source: Candidate Website (10/02/2004) |
| Tax Credits for College |
As president, John Kerry will close corporate tax loopholes and use some of the money gained from repealing Bush's tax cuts for the wealthiest Americans - families making over $200,000 a year - to pay for tax credits without increasing the deficit by one dime. The Kerry-Edwards tax cuts include:
- A tax credit on up to $4,000 of college tuition
- A tax credit to help small businesses and vulnerable workers pay for health care and buy into John Kerry's new Congressional Health Plan.
- A tax credit on $5,000 of child care expenses
Source: Candidate Website (10/02/2004) |
| Corporate Tax Loopholes |
Absolutely. Closing these loopholes will allow America to afford improvements in health care and education.
Source: Candidate Website (10/02/2004) |
| These are available issue topics for which there were no responses. |
| Tax Code |
| Income Tax Rates |
| Taxing the the Wealthiest 1% |
| Taxes on Interest, Dividends, and Capital Gains |
| Estate Taxes (Death / Birth Tax) |
| Alternative Minimum Tax (AMT) |
| Extending the Bush Tax Cuts |
| Value-Added Tax |
| Tax Proposals |
| Taxes Policy |
| National Sales Tax |
| Flat Tax |
| Reforming and Simplifying Federal Taxes |
| Earned Income Tax Credit (EITC) |
| Marriage Penalty |
| Income Tax on Seniors |
| Tax Rates on Private Equity Funds |
| Tax Credits for Health Care |
| Child Tax Credit |
| Tax-Free Savings Accounts |
| Business Tax Credits |
| R&D Tax Credit |
| Offshore Tax Havens |
| Oil Company Tax Breaks |
| Property Taxes |
| Internal Revenu Service (IRS) |