It's fundamentally unfair to have so much of the tax relief go to so few. And it is a 10-year tax plan rather than one, as mine, focused on the next two years, which in my opinion is the critical time to jumpstart the economy.
I had a small investment in Twofold, following guidance from my professional advisers. I had, however, claimed no tax relief of any amount in regard to this investment. Given the concerns raised about it, I have now instructed my advisors to withdraw me from the scheme with immediate effect.
Providing tax relief and reducing regulations leads to job creation and new economic opportunities for our small businesses, which are the backbone of our economy.
My legislation, the Simple Savings Tax Relief Act of 2005, simply eliminates the taxation of interest earned in savings accounts, such as passbook savings accounts or bank certificates of deposit.
Introducing a social investment tax relief will make investment even more appealing and accessible.
In 2001, Congress passed much needed tax relief to allow Americans to keep more of their hard earned money and spend it as they see fit - rather than how the federal government sees fit.
And I will repeat today what I have said throughout this campaign. I will not raise taxes on the middle class. I will give you tax relief to help ease these burdens.
Low unemployment numbers are clear indicators that Republican tax relief and economic policies are spurring growth and helping businesses hire new workers while providing American families with job security.
The tax relief package enacted in 2001 was central to pulling the economy out of the post 9-11 recession. It's the reason we've got low unemployment and have created more than two million jobs in the last year.
We're going to look awfully stupid if we give income tax relief to people who do not pay income taxes.
