Originally posted by: XZeroII
This guy is even more hypocritical than he first seemed!
John Kerry would use the money from the first year of repealing Bush?s tax cuts for the top one percent of Americans on a short-term plan to jumpstart job creation with:
Ok, so he is going to raise taxes. Got it.
A New ?State Tax Relief and Education Fund?. The Bush economic approach has left states with nearly $90 billion in budget deficits, forcing lay offs, education cuts, and tax increases. This fund will help states struggling to bridge deficits resulting from Bush?s economic policies with an additional $25 billion a year for two years to stop the education cuts, tuition increases and tax and fee raising that are inhibiting our economic growth and causing layoffs. This fund includes Kerry?s proposed $5 billion to stop state cuts in health care that hurt workers and patients, $5 billion for homeland security to stem layoffs of police officers and fire fighters, and his commitment to fully fund the No Child Left Behind education law.
So he is going to raise taxes (as he said earlier) and hand that money over to the states? Why not just let the states raise taxes and allocate that money themselves?
ax Breaks to Expand Manufacturing Jobs in the U.S. Over 2.7 million manufacturing jobs have been lost since President Bush took office. John Kerry will save jobs by ending the unpatriotic practice of U.S. corporations moving offshore simply to avoid paying their fair share of our nation?s tax burden. To create new manufacturing jobs Kerry will:
o Get the Crane-Rangel-Hollings legislation enacted, which provides a corporate rate reduction to manufacturers who produce goods in the United States;
o Propose a new jobs tax credit to encourage manufacturing companies to stay and expand in America. When a manufacturing company creates jobs above their 12 month average, the payroll taxes of the new employees will be refunded for two years.
o Immediately restore and double funding for the Manufacturing Extension Partnership that President Bush slashed by 80%.
So wait...he is going to lower taxes for manufacturing corporations? I thought they weren't paying enough (as Dave has been preaching)? Plus he is going to add funding to the MEP. Wow, he must be planning on raising lots of taxes.
ob Creation Summits. Ours is a large and complex economy and John Kerry believes that we must understand the challenges to economic prosperity in each sector. He will hold economic policy summits once a week for the first six months of his Presidency to develop targeted strategies to create jobs in key regions and key industries.
Why not figure out a strategy NOW? This is like saying, "we don't know what we're going to do, but we are going to do something".
RESTORE FISCAL DISCIPLINE: By borrowing from future generations to give tax relief to those who need help the least, George W. Bush?s economic policies have, for the first time in history, forced the federal government to spend $1 billion more EACH DAY than it takes in. President Bush?s exploding deficits are destroying the solvency of Social Security and Medicare and he has placed the enormous burden of saving these programs on the shoulders of our children and grandchildren. John Kerry believes that we need a smaller and smarter government that wastes less money. John Kerry?s plan will:
Ok. Raising taxes must be his way of creating a smaller government.
Balance the Budget
* Cut the Deficit in Half: John Kerry is committed to balancing the budget. He has put forward a sensible plan that will at least cut the deficit in half in his first term, while investing in economic growth and investing in workers.
* A Balanced Budget Summit: The best way to get to a balanced budget is not in partisan bickering, but in bipartisan cooperation. As President, John Kerry will call a Balanced Budget Summit that will require all sides to work together to make at least temporary sacrifices -- even in their top priorities -- as part of a concerted effort to restore fiscal discipline and fight for our future.
* End Special Tax Breaks: To restore fiscal discipline and strengthen our economy, Kerry will repeal Bush?s special tax breaks for Americans who make more than $200,000.
* Cut Excesses in Government: One of the Bush Administrations well-kept secrets is that under his watch the size of government has actually gotten bigger ? not smaller. John Kerry will reduce the size of the Federal government by: bringing spending down to the level of GDP it was under Clinton, requiring federal agencies to submit annual plans to reduce energy costs by 20 percent by 2020; cut the Federal government?s administrative costs by five percent; cut the number of political appointees and ban providing bonuses for political appointees; cut fraud and abuse in government programs ? fraud and abuse is estimated to cost $12 billion in Medicare alone and end rules that prevent the Federal government from having the same purchasing authority as the private sector.
WHOA! End special tax breaks? So we're going to be raising taxes, hu? Wow, this guy is going to go down in history as the president who raised taxes the most.
Bring down spending to the level of GDP it was under Clinton? WTF does that mean?
Make federal agencies submit plans to lower energy costs by 20%??? Energy costs account for probably 2% of all expenses for gov't agencies. Is he going to make them use candles or something for lighting?
Cut the gov't administrative costs by 5%? How? It's nice to say it, but it doesn't sound like he put much thought into that one.
Stop fraud? Once again, how?
Reign in Out of Control Spending
* Restore Budget Rules to Stop Runaway Spending. John Kerry believes we need to reverse the new budget rules Republicans in Congress have established that make it easier to spend into deficits with fewer votes. He will also review and reassess all discretionary spending programs to determine their effectiveness and whether they should continue to be funded.
* Implement the McCain-Kerry Commission on Corporate Welfare. Powerful special interest groups make it hard to cut special tax loopholes and pork barrel spending projects. John Kerry supports a Commission that would recommend cuts and require Congress to vote on all recommendations, so no single special interest could fight for pet projects.
* Pass a Constitutional Line-Item Veto to Reduce Corporate Welfare and Excessive Spending. Under Kerry?s plan, the President would identify wasteful spending items in the budget and submit the list to Congress to vote on in an up-or-down fashion ? saving billions of dollars.
What is a 'discretionary' spending program? How many programs fall into this catagory?
WTF is he talking about in bullet 2? It's like he tried to cram 5 thoughts into 2 sentences. All I know is that he is trying to raise taxes.
Um, spending is Congress' job. Not the president's. We have separation of powers for a reason Mr. Kerry. That aside, I am curious what an 'up-or-down' fashion is, and how this will save billions of dollars.
Basically, all I got out of all of that is that he wants to raise taxes. He submitted no clear plan on how he is going to actually cut costs. It feels like he is just going to get into office and hope that no one remembers all his grand promises (except for the tax hikes).