debate 3 recap
Published October 13th, 2004 in News, va2.0, Uncategorizedthis is open to comments for sure, here goes.
KERRY: Under President Bush, the middle class has seen their tax burden go up and the wealthiest’s tax burden has gone down. Now that’s wrong.
No Kerry, you are wrong.
Those in the middle 20% now pay an average of 14.5% of their income for all federal taxes, a reduction†1.9 percentage points as a result of the Bush cuts.
Kerry also criticized Bush for cutting taxes for the richest 20%, but as Bush points out, the rich are already paying 80% of America’s taxes.
And the overall system remains progressive, with upper-income groups paying significantly both higher rates and a higher share of the overall burden than lower-income groups.
The tax system works on percentages, people making more money will pay more, this is elementary.
KERRY: The American middle-class family isn’t making it right now, Bob. And what the president said about the tax cuts has been wiped out by the increase in health care, the increase in gasoline, the increase in tuitions, the increase in prescription drugs.
Now I wonder what they would have done without the tax cuts that you opposed? Not only opposed, but is planning to reverse once he gets in office. Where will that put our already strained budgets?
KERRY: The fact is, the take-home pay of a typical American family as a share of national income is lower than it’s been since 1929. And the take-home pay of the richest . 1 percent of Americans is the highest it’s been since 1928.
But the fact is, all income groups are†paying a lowered tax burden this year under the Bush cuts, the “middle class” included.
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BUSH ( speaking of his wife) : And she speaks English a lot better than I do. I think people understand what she’s saying.
Thats just funny.
Thats all I caught of the debate, i’m goign to sleep now.
also, if you wanna see the numbers, check out factcheck. its just straight facts, without the BS and political spins.
lol - now ppl are looking at me funny…
silly little boys