Two quotes from Representative Kucinch
From a statement by Dennis Kucinich in reaction to President Bush's speech in Ohio on Labor Day.
"The President's 'leave-no-billionaire-behind' tax cut to the wealthy will do nothing to help the average Ohioan. The recently passed tax cut will continue a trend advocated by this Administration of accelerating wealth upwards. The first 60 percent of Ohio taxpayers will only see a cut of $380 in total over the next four years. But, the richest 1% of Ohioans will be rewarded with tax cuts worth $52,240 on average over the next four years.
Already, this Administration's policies have led to cuts in spending on important domestic needs such as education, health care, veterans' benefits, child care and led to sky high state budget deficits. Ohio, alone, is facing a projected state budget deficit of $2 billion in FY '04."
From a speech to the Democratic National Committee Western Caucus
Corporations should be compelled to pay a fair share of taxes. If corporations shift profits offshore to avoid paying taxes, they should not be permitted to operate in the United States. The decrease in corporate tax responsibility is an indication of the rise of corporate power. According to the Institute for Policy Studies, after the 2002 tax cuts, corporations will pay in taxes an amount equivalent to 1.3% of the U.S. Gross Domestic Product. In the 1950s they paid taxes of 4.5% of the US GDP. Corporations have less regulations, pay less taxes and yet have greater influence. (Can there be any clearer indication of the urgency of full public financing of our elections?)
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