The President s plan for families Gives a tax cut to every family that pays income taxes. Reduces the marriage penalty. Eliminates the death tax. Expands the charitable tax deduction to non-itemizers. The current code is unfair.
Federal taxes are the highest ever during peacetime.
Americans pay more in taxes than they spend on food, clothing and housing combined. Americans work more than 4 months of the year just to pay their tax bills. The current high tax rates are keeping low-income taxpayers out of the middle class. Recent layoffs by businesses of every size prove that the American economy needs a boost - quickly. One in five taxpaying families with children would no longer pay any taxes at all.