Thursday, April 23, 2009

Republicans call for bipartisanship, propose more tax cuts.

Eric Cantor & John Boehner write Obama a letter.
As you approach your first 100 days in office, House Republicans remain committed to working with you and your Administration to address the needs of hardworking American families and small businesses that continue to face unprecedented challenges. We believe that if Washington can put aside petty politics and unite for the good of the American people, we can accomplish great things.
...
Unfortunately, there has been a sad lack of bipartisanship. This lack of bipartisanship has been a major detriment to your stated desire to change the way that Washington works.
So what do they propose?
  • Allowing small businesses to take a tax deduction equal to 20% of their income...
  • Providing a $5,000 refinancing credit to empower families to pay for mortgage refinancing...
  • Providing a $15,000 homebuyer credit for all purchases of primary residences...
  • Immediately suspending the capital gains tax on newly acquired assets for the next two years...
  • Reducing the lowest individual tax rates from 15% to 10% and from 10% to 5%.

Still all they've got.

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