September 20, 2006
Mark Warner: About Those Tax Cuts...
Ex-VA Gov. Mark Warner (D) wants you to know: he thinks the Bush tax cuts for the richest Americans, enacted during an expensive war and with rising federal budget deficits, were "morally wrong and economically wrong" and that he would indeed support their repeal.
Warner, in an interview with The Hotline this a.m., clarified his comments Monday in Iowa, which were reported by the Des Moines Register. Warner said he did not mean to suggest that Sen. John Kerry (D-MA) was wrong to urge the repeal of those tax cuts benefiting the richest two percent of taxpayers.
Instead, he said, he was responding to a question about the way Kerry's campaign sold that message.
"My comment was, we shouldn't [begrudge] folks' aspirations to be successful, but with success comes responsibility, and we've got to have a tax code that's fair." More Warner: "The Kerry position was right but [the] concern is, how do you make the case to the American people?" Sometimes, said Warner, Democrats "appear as anti 'people-being-successful.' But with that success comes a sense of responsibility and fairness."
In Iowa, Warner had said that "Even though the Bush tax cuts only applied to the top 2 percent of Americans, what I think the Kerry campaign missed was that the other 98 percent of Americans still aspired to get to the point in their life where they could qualify for the tax cuts." The Register wrote that Warner "stopped short of calling for the immediate repeal of cuts to the top income tax rates enacted in 2001 and 2003. Instead, he supports letting the cuts for top income brackets expire in 2011. He would consider keeping in place the cuts to middle and lower-income brackets."
Warner raised $1B in revenue off VA's '04 tax reform, which reduced the sales tax on consumer goods, cut the income rax rate for some brackets, and raised taxes on cigarettes, real estate sales and, by a half a percent, the consumer sales tax itself."
In his Hotline interview, Warner said that comprehensive tax reform at a national level would entail taking a look at "federal spending, government reform and it's going to take looking at the revenue side." If Democrats take control of the Senate, Warner said they should "definitely" vote to repeal the "high level" cuts while possibly keeping "some of the middle income tax cuts in place."
Posted at 01:09 PM
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