Tax Policy
This section includes positions on tax cuts, the graduated income tax system, and advocacy for alternative tax systems such as FairTax and the Flat Tax, as well as specific proposals in relation to estate and capital gains taxes, etc. Other tax issues may arise in the Budget & Spending section.

Words: McCain opposed the Bush administration tax cuts, but now feels they must be extended. He feels that the tax system should be simplified, closing special interest loopholes, and that the child tax credit should be doubled. He also advocates removing the charitable deduction.
Words: Obama feels we should reduce the Bush administration’s tax cuts to pay for health care and other programs, arguing that those cuts benefit corporations but not the middle class. He advocates tax incentives to create jobs at home rather than offshore.
Words: Romney opposes any new or increased taxes and opposes rolling back the Bush administration’s tax cuts. He wants to end taxes on interest, dividends, and capital gains, but finds serious flaws with the FairTax proposal.
Words: Biden opposes the Bush administration’s tax cuts and advocates eliminating the cuts for the top 1% to fund a Homeland Security and Public Safety Trust Fund.
Words: Clinton advocates ending the Bush tax cuts and cutting the alternative minimum tax. She opposes cutting off the payroll contribution at $95,000 and would support raising the cap.
Words: Edwards favors a repeal of the Bush administration tax cuts, replacing them with more tax cuts for the middle class and working poor. He also advocates tripling the Earned Income Tax Credit and introducing a progressive tax credit for first-time home buyers.
Words: Giuliani supports the Bush administration’s tax cuts and feels we should reduce the alternative minimum tax. He also feels that we need to eliminate the estate tax and argues that lower sales tax creates jobs.
Words: Huckabee believes that we need to gut our “incredibly complex and arcane tax code” and is a vocal supporter of the FairTax, which eliminates all taxes on productivity, savings, and investments, but would require a sales tax set at 34% of retail prices.
Words: Kucinich advocates repealing the Bush administration’s tax cuts and using the revenue to fund higher education. He believes we should keep the child tax credit and extend it to more families.
Words: Paul advocates immediately phasing out the IRS. He believes that the entire tax system needs to be overhauled, ending capital gains and estate taxes.
Words: Richardson supports reforming the tax code, reducing income tax overall, and believes that we should replace the Bush administration’s tax cuts with more cuts for the middle class.
Words: Thompson believes that tax cuts mean growth. He supports replacing income tax (which he feels is “inefficient, maddeningly complex, and expensive to comply with”), with a consumption tax, similar to the FairTax proposal. He argues that the progressive tax 