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John Neely Kennedy on Tax Reform

Democratic Senate Challenger (LA)

 


Cut taxes & stop deficit-spending, to fight economic crisis

Kennedy focused on the countryís economic crisis rather than presidential politics as he faced off with Landrieu. He said Congress should cut taxes so people have more money to spend and pay bills, should stop deficit-spending and should put limits on the nationís banks and lending firms.

The state treasurer didnít mention Landrieuís endorsement for Democratic presidential contender Barack Obama, an endorsement Kennedy has used to describe Landrieu as a ďtax-and-spend liberal.Ē

Source: Associated Press on NOLA.com on 2008 Louisiana Senate Debate , Oct 16, 2008

Exempt first $10,000 in tips from income tax

If Iím your next United States Senator, Iíll exempt the first $10,000 of tip income from federal income and FICA taxes. Treat tips as gifts, not income, because thatís what they are. Waiters, waitresses, bellhops, cab drivers, hair dressers, parking attendants and many other hard working Americans will benefit from this middle class tax cut. It will cost slightly over $3 billion a year (out of a $2.4 trillion budget) but we probably spend more than that trying to collect income tax on tips anyway. It will eliminate paperwork for tens of thousands of small businesses and remove them and their employees from the constant threat of audit by the IRS.
Source: 2004 Senate campaign website, www.johnkennedy.com, ďIssuesĒ , Oct 20, 2004

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