Rebuilding Economy Starts with Tax Cuts that Help Working People
Charleston, W.Va. - Anne Barth, the Democratic nominee for Congress in West
Virginia's Second Congressional District, outlined her plan today to help the middle class by targeting tax cuts to help put more money in the pockets of working families and boost the economy.
"In Congress I will vote to ensure that new tax cuts are targeted to help boost our working families and small businesses," Barth said. "This election is about changing the direction of our nation - and I support responsible tax cuts that put the middle class taxpayers first instead of always favoring the rich and privileged. As a Congresswoman, I'd have different priorities."
Anne Barth supports helping West Virginia's working families by:
Permanently repealing the marriage penalty tax
Reforming the estate tax
Extending the earned income tax credit
Limiting the amount Social Security benefits can be taxed
Barth would pay for these programs by:
Reintroducing statutory Pay As You Go (PAYGO) rules that mandate any new tax cuts be offset by spending cuts
Allowing the Bush/Capito tax cuts for the richest one percent of Americans to expire in 2010 as planned
Ending tax subsidies given to Big Oil companies (i.e. Conoco Phillips, ExxonMobil, Chevron, and Royal Dutch Shell Oil);
Closing the tax gap, which would shore up $290 billion in federal dollars
Instituting better management of acquisition and contracts and no-bid contracts *
Improving financial management oversight at the
Department of Defense, which could save billions of dollars annually
Improve the collection of royalties from oil and gas companies drilling on our federal lands
Shelley Moore Capito's Legislative Record on Taxes:
Capito voted against the FY08 Democratic budget, which included middle class tax relief, including an extension of marriage penalty relief, the child tax credit, and the 10 percent bracket. [SCR 21, Vote #377, 5/17/07]
Capito voted for a $70 billion tax cut package that the Washington Post called a "windfall for the rich, and a hole in the federal budget." [HR 4297, Vote #135, 5/10/06]
Capito voted against a move that would extend $38 billion in tax deductions for the middle class, including deductions for expenses teachers make out of their own pockets, because it didn't included an estate tax reduction for her wealthy friends and contributors. [Miller amendment to HR 5970, Vote #424, 7/29/06]
Capito voted against banning companies that use foreign tax shelters from receiving government contracts. [DeLauro amendment to HR 3058, Vote #351, 6/30/05]
Capito, who held about $200,000 in personal investments in oil and gas companies, opposed a bill that would have eliminated $6.1 billion in tax deductions for the sale of oil and gas to pay for more investments in renewable and alternative energies.
