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A healthy economy is key to America's strength. John McCain has a plan to keep our economy strong. It includes real benefits for the middle-class worker. For example, the elimination of the Alternative Minimum Tax (AMT) would save 25 million middle class families nearly $60 billion in a single year. McCain would double the personal exemption for dependents from $3,500 to $7,500. McCain would maintain the income and investment tax rates at their current level, which is the key to insuring economic growth of small business and entrepreneurs. McCain would allow for immediate deductions on the purchase of equipment (rather than depreciation over several years.) This will spur new jobs and innovation. Looking to stop the tide of businesses having to outsource their operations, McCain would make the United States the best place to start and run a business and make products by reducing the federal corporate tax rate from 35-25 percent. ...more
October 18, 2008
Democratic presidential candidate Barack Obama endorsed the federal government's plan to invest $250 billion in the nation's banks, saying it will strengthen the financial system and give taxpayers some extra protection. ...more
October 15, 2008
Republican Sen. John McCain expressed incredulity in the presidential debate Tuesday that Democrat Sen. Barack Obama would tip off the enemy by saying publicly that he'd attack al-Qaida in Pakistan under certain conditions. "Remarkable," McCain said during the presidential debate, meaning remarkably irresponsible. ...more
October 9, 2008
WASHINGTON - Joe Biden charged Thursday during a campaign stop in Pennsylvania that John McCain's tax proposals for health insurance would be "the largest tax increase in the history of America for the middle class." He was wrong. ...more
September 26, 2008
Buying Your First Home? The federal government would like to congratulate you. ...more
September 11, 2008
Part of the Housing and Economic Recovery Act of 2008 authorizes up to a $7,500 tax credit for qualified first-time homebuyers. Based on the questions I'm getting from readers, many people are ready to jump at this money like Scooby Doo panting after Scooby snacks. ...more
August 24, 2008
A few years ago, I bought your wonderful book, "100 Questions Every First-Time Home Buyer Should Ask," and it's the best book I've ever seen of its kind. I call it "the bible of first-timers" and have recommended it to many first-time buyers. ...more
August 14, 2008
NEW PORT RICHEY - With the federal government in the midst of sending out income tax rebate checks, another proposal in the works would offer a $750 tax credit to entice people to buy houses. Greg Armstrong, president of the West Pasco Board of Realtors, recently spent a week in Washington, D.C., with a delegation lobbying for various bills such as the $750 credit to home buyers. ...more
May 31, 2008
Expanding SCHIP is not the answer. There's a better way to extend health coverage to children. ...more
October 19, 2007
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