Issue Position: Taxes

Issue Position

I opposed the Bush tax cuts that reduced the highest personal income tax rate from 39.6% to 35% and supported the restoration of the 39.6% rate by President Obama. I worked for years for a reasonable estate tax limit that would allow family farms and businesses to pass to the next generation, instead of having to be sold to pay taxes. (There were many fine proposals to put in place $3 or $5 million exclusions, but they were always blocked by Senator Jon Kyl.) I also strongly support closing corporate tax loopholes. I will fight to eliminate the oil depletion allowance; no country subsidizes fossil fuels the way the United States does and our subsidies are a peril to the planet.

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