Cutting taxes for middle class Americans. First, we must restore our values to our tax code. We want a tax code that rewards work and creates wealth for more people, not a tax code that hoards wealth for those who already have it.
With the middle class under assault like never before, we simply cannot afford the massive Bush tax cuts for the very wealthiest.
We should set taxes for families making more than $200,000 a year at the same level as in the late 1990s, a period of great prosperity when the wealthiest Americans thrived without special treatment.
We will cut taxes for 98 percent of Americans and help families meet the economic challenges of their everyday lives. And we will oppose tax increases on middle class families, including those living abroad.
Today, for most families, the federal tax burden is the lowest it has been in twenty years. The Bush tax slash takes a different course. It is bigger than any cut Newt Gingrich ever dreamed of. It would let the richest one percent of Americans afford a
new sports car and middle class Americans afford a warm soda. Under the leadership of Al Gore, Democrats want to give middle class families tax cuts that will not injure economic vitality.
Source: Democratic National Platform
Aug 15, 2000
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