Obama calls for middle-class tax relief
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Democratic presidential contender Barack Obama proposed up to $85 billion in tax cuts for about 150 million Americans on Tuesday, paid for by raising capital gains and dividend taxes on the wealthy.
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BETTENDORF, Iowa -- Barack Obama, bidding to strengthen his appeal among working families, outlined new proposals Wednesday designed to make college more affordable, encourage retirement savings, and help people balance the competing demands of work and family.
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President George W. Bush's administration is considering an individual tax rebate of up to 800 dollars as a short term measure to help boost the sagging US economy, a media report said Friday.
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Republican presidential rivals backed a blend of tax and spending cuts Thursday night to head off an election-year recession they generally agreed is avoidable. "We should reduce taxes on middle-income Americans immediately," former Massachusetts Gov. Mitt Romney said in a debate in the run-up to presidential primaries in Michigan and South Carolina, two states where unemployment exceeds the national average.
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Hillary Rodham Clinton is accusing rival Barack Obama of proposing a $1 trillion tax increase with a plan to require high income earners to pay more Social Security taxes.
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The House and Senate last night overwhelmingly voted to extend three tax cuts aimed at the middle class along with a bevy of business-tax breaks, sending President Bush a
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President Bush traded one refrain for another Friday, saying he is "getting the job done" on the economy and more. Not so, said Sen. John Kerry, criticizing administration tax cuts as insensitive to the middle class as he ended a 22-state tour.
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Democratic presidential contender Barack Obama proposed up to $85 billion in tax cuts for about 150 million Americans on Tuesday, paid for by raising capital gains and dividend taxes on wealthy investors.
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Democratic presidential rivals called for higher taxes on the wealthiest Americans and on some corporations Thursday and said any thought of balancing the federal budget would have to wait.
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President Bush continued his call Sunday for a simpler tax system and aides said he is considering a flat tax, which would have the same income-tax rate for most taxpayers
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Hit the super-rich with a 50% inheritance tax and allow cuts for the middle class, says a leading think tank.
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Any rebate included in an economic stimulus plan should include people who pay Social Security taxes, not just those who pay income taxes, a leading Democratic lawmaker said Sunday.
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Republican presidential rivals backed a blend of tax and spending cuts Thursday night to head off an election-year recession they generally agreed is not inevitable. "We should reduce taxes on middle-income Americans immediately," former Massachusetts Gov. Mitt Romney said in a debate in the run-up to presidential primaries in Michigan and South Carolina.
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Republican presidential candidate John McCain proposed an economic stimulus plan Thursday that would lower the corporate income tax rate and provide a host of other tax breaks for business.
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Hillary Rodham Clinton is accusing rival Barack Obama of proposing a $1 trillion tax increase with a plan to require high income earners to pay more Social Security taxes. Clinton outlines the charge, which she previously has made, in a mailing to voters ahead of Saturday's presidential caucus.
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Democrats worked Tuesday to turn a standoff over taxes to their political advantage, arguing that Republicans are essentially raising taxes by failing to revive popular middle class breaks.
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WASHINGTON Sept. 24, 2004 - Legislation extending three popular middle-class tax cuts for the rest of the decade sailed through Congress by lopsided votes in both the House and Senate, giving President Bush