Tuesday, September 05, 2006

Eliot Spitzer thinks New York’s income taxes are just fine:

This morning I’m on Spitzer’s website and I go to a section on the site that lets you chose what you’re “passionate about”. The page gives you a list of items you can click on bringing up a box that lets you submit your name, address and e-mail to send off to his campaign.

What puzzles me is that his list fails to include income taxes!

Breaking news to Eliot Spitzer: People are moving from New York for the comforts of the south for one reason. INCOME TAXES!!!!!! Businesses are locating their operations and factories down south for one reason. INCOME TAXES!!!!!

John Faso on the other hand got the memo and has proposed tax cuts to keep New York competitive. His plans include:

PERSONAL INCOME TAXES

· Cut income taxes by doubling the amount a married couple earns from $40,000 to $80,000 before the highest tax rate is imposed, and index this amount to inflation
· Eliminate recapture provisions on income between $100,000 and $150,000, giving all taxpayers the benefits of lower marginal tax rates
· Eliminate the Estate Tax

BUSINESS TAXES
· Eliminate the corporate franchise tax on manufacturers
· A reduction in the top corporate tax rate, from 7.5 percent to 6.5 percent
· Enact full-cash expensing for businesses, which allows for the 100% deduction of capital purchases instead of deducting the depreciated value
· Gradually remove the $1.3 billion in hidden taxes on health insurance
· Eliminate the Alternative Minimum Tax
· Eliminate the ton-mile tax on the trucking industry.

Eliot Spitzer has no plan because he doesn’t think it’s a reason New York continues to struggle. So if Eliot Spitzer doesn’t think New York’s income taxes are not to high does that mean he thinks they’re to low and should be raised to cover all that spending he’s proposing?

Hopefully one day New York’s mainstream media will bring this to Spitzer and the voter's attention.

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