HolyCoast: "Cannot Think of One" Tax Cut Worth Extending
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Wednesday, September 20, 2006

"Cannot Think of One" Tax Cut Worth Extending

Majority Leader John Boehner sent around this note today:
Dem Confirms: Tax Hikes On the Agenda

"CANNOT THINK OF ONE" TAX CUT WORTH EXTENDING

September 20, 2006

When Rep. Charlie Rangel (D-NY) recently talked to Bloomberg News, he laid out his plans for raising taxes on American families and small businesses: "Democratic Representative Charles Rangel vowed to reach out to Republicans if his party wins control of the House in November, while acknowledging that they may find his plans for changing tax policy unpalatable.

"Rangel's accession to the chairmanship of the committee would likely end six years of tax cuts by the Republican- controlled Congress. He said he 'cannot think of one' of President George W. Bush's first-term tax cuts that merit renewal." Here are just a few of the tax relief measures lowering the cost of living for American workers, families, and small businesses that Rangel, who serves on the House Ways & Means Committee, would repeal if given the opportunity:

Child Tax Credit
Marriage Penalty Relief
AMT Relief
Death Tax Relief
Tax Relief for the Families of Fallen Soldiers
Lower Tax Rates on Capital Gains & Dividend Income
Work Opportunity Tax Credit
Tax Free 529 Accounts for College Savings
Saver's Credit
Higher Pension / IRA Contribution Limits
Tax Credits for Hybrid Vehicles
Tax Credits for Alternative Fuels
Charitable Giving Deductions

It goes on, but I think you get the idea.

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