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Sen. Hillary Clinton, D-N.Y., says one of her top goals will be to strengthen and restore America's middle class; a group she says has struggled under Bush's administration policies.
Here are some of her proposals:
- Return to the income tax rates for upper-income Americans that existed in the 1990s.
- Discontinue portions of the Bush tax cuts for those making more than $250,000.
- Level the playing field when it comes to taxing the income earned in investment partnerships. Right now, some Wall Street investment managers making $50 million a year could pay just 15 percent on their earned income -- while someone making $50,000 a year pay 25 percent.
- Lower taxes for middle-class families by extending middle-class tax cuts including the child tax credit and marriage penalty relief, offering new tax cuts for health care, college and retirement, and reforming the AMT to ensure people don’t face stealth tax increases.
- Overhaul the Health Coverage Tax Credit, or HCTC, to ensure that it is making health care affordable for laid-off workers. Increase the tax credit to 90% of premiums from the current 65%.
- Close tax loopholes and stop giving tax breaks to companies that ship jobs overseas. Stop outsourcing American jobs using taxpayer dollars.
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*Clinton's voting record on tax reform issues: |
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Source: On the Issues
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"(In 2005) the wealthiest 1 percent of Americans held 22 percent of America's income. That's an astonishing figure, and it is the highest level of income inequality since the beginning of the Great Depression in 1929. Reckless tax cuts for the wealthy, bloated spending that wasn't paid for, have pushed up our national debt to $9.1 trillion. We're going to ask everybody to participate, but I am not going to ask the middle class to do more than it has already done." 
