Bush plan has advantages

Who has the better tax plan, Bush or Gore? That was the question I was asking myself after watching the first debate the other night. What I found was that if you are a single parent making less than $30,000 and paying full-time daycare, then the Gore plan will save you more money. Everyone else will have lower taxes using the Bush plan.

Mr. Gore indicated that the Bush plan favored the wealthy. That is not true. Those that make over $1 million will see a 15 percent cut in taxes, while a family making $40,000 will see a 74 percent reduction. If your family makes between $40,000 and $75,000, the Bush tax plan will save you about $1,000 more than the Gore plan.

If you are a family making $30,000, both plans are about the same and you will pay no taxes. If you are single with no kids and make about $30,000, you will pay about $300 more under the Gore plan. Under the Gore plan, the lowest incomes will pay no income taxes, and the government will send them a check. Welfare should be a separate program, not part of the income tax plan.

Keep in mind that both plans call for tax cuts, but from what I have seen the Bush plan cuts a lot more, for just about everyone. Gore indicates he is for the working families, and if you are a working family that makes under $25,000, then with regard to tax cuts, he is true to his word. But if you are a working family with an income over that, and lower taxes are important to you, then Bush appears to be the one helping working families more.

If you are interested in calculating your taxes under the two plans, access the website Taxclarity.org.

Lake Stevens

Talk to us

More in Opinion

toon
Editorial cartoons for Sunday, May 28

A sketchy look at the news of the day.… Continue reading

File - A teenager holds her phone as she sits for a portrait near her home in Illinois, on Friday, March 24, 2023. The U.S. Surgeon General is warning there is not enough evidence to show that social media is safe for young people — and is calling on tech companies, parents and caregivers to take "immediate action to protect kids now." (AP Photo Erin Hooley, File)
Editorial: Warning label on social media not enough for kids

The U.S. surgeon general has outlined tasks for parents, officials and social media companies.

President Joe Biden meets with House Speaker Kevin McCarthy of Calif., to discuss the debt limit in the Oval Office of the White House, Monday, May 22, 2023, in Washington. (AP Photo/Alex Brandon)
Comment: A brief history of risks and outcomes of debt crises

Past debt ceiling and budget crises in 1995, 2011 and 2013 offer perspective on the current situation.

Election denier Sutherland shouldn’t run for county auditor

I am offended by and angry at Robert Sutherland who is running… Continue reading

Local businesses should offer summer programs for STEM students

I wish to thank The Herald for providing STEM student Nicole Piedrahita… Continue reading

Comment: Hospice care isn’t giving up; it’s a gift of time, love

End-of-life care offers patients and families comfort, better quality of life and time to say goodbye.

Comment: Veterans struggling with addiction need our support

Connect veterans with the services they need through encouragement, understanding and advocacy.

Comment: State, local libraries rebuilding lives after prison

For those leaving prison, a library card is key to starting again. A new program offers that key.

Forum: Imagine our losses without Endangered Species Act

Marking its 50th year, the act has saved numerous species of animals and plants and their habitats.

Most Read