Issues-Economy

It is clear that more Americans are struggling to make ends meet and our economy needs a boost. A strong and prospering economy is vital to the well being of every American citizen. Most recently, on 1/29/08 I voted for the bi-partisan economic stimulus package which provides relief to the American taxpayer. On 1/23/08 I signed on as an original co-sponsor of the Economic Growth Act of 2008. Here are some of its provisions:

• The first is a provision that would uncap and accelerate the expensing of businesses. This provision would encourage the purchase of assets to grow a business.
  
• The second provision would cut the Top Corporate Tax Rate and would encourage the expansion of businesses by hiring more workers, accelerating investments, and making American business more competitive internationally.
  
• The third provision would effectively reduce the amount of a gain that is taxable. The effects would encourage the movement of money in 2008 and spur economic investment.
  
• The fourth provision would simplify the Capital Gains Rate Structure. Its effects would be the selling of unwanted assets to gain more funds and this would create more jobs and grow the economy at the same time.