Republicans want tax changes - Dem does not....
State GOP candidates want tax code overhaulNotice that both Republicans are not for the status quo - they want REAL CHANGE!
By KEVIN LANDRIGAN, Telegraph Staff
CONCORD – Both major Republican candidates opposing Democratic congresswoman Carol-Shea Porter support replacing the current tax code with simplified tax rates.
John Stephen, R-Manchester, and Jeb Bradley, R-Wolfeboro, insist a tax overhaul is needed so the country can return to a time when most citizens filed their own tax returns.
"A great nation deserves a better tax code than what we have today," Stephen said.
"Our current tax system is smothering small businesses and stifling economic growth, while it confuses individuals and leaves many feeling that the process is unfair.''
Stephen said if elected he would propose legislation to give all citizens a choice between the existing system and a "simple, flat tax.''
"My guess is that the current system doesn't stand much of a chance,'' Stephen said.
Stephen, a former health and human services commissioner, unveiled his proposal on Monday, the day before the deadline for all Americans to file their 2007 taxes.
Bradley, a former congressman and state legislator, proposed two months ago a rewrite that would replace the current code with three tax rates of 10, 15 and 30 percent.
The Bradley proposal would exempt the first $40,000 of income from the tax, to insulate the working class.
"We would also preserve the favorable tax treatment of home ownership and charitable giving, both important components of the fabric of American life. What is most important is that cumbersome and complex 60,000-page morass is altered to be simple, comprehensible and fair,'' Bradley explained.
While in Congress, Bradley voted for the Bush tax cut of 2003 and vowed to preserve those that will retire in 2010 if Congress fails to act.
"The Democrats like to portray this political handiwork as nothing more than tax increases on the wealthy,'' Bradley said.
"It makes for great political spin but there is one problem: it's wrong.''
Bradley claimed the average American family making $40,000 a year got a tax cut worth $2,000.
Stephen said the group that benefits most from the current system are tax lobbyists who spend millions to preserve or carve out new tax breaks for their clients.
Meanwhile, over in the Democratic camp...
While in Congress, Shea-Porter has voted to repeal the Bush tax cuts for the 1 percent most wealthy in the U.S. and voted to give tax relief to middle-class families facing an increase under the Alternative Minimum Tax.
The bill Shea-Porter supported paid for that tax cut by closing a loophole that allows offshore companies to reduce U.S. tax liability....nothing than the same thing, over and over again. Change? No change at all - only moving backwards....