Friday, January 18, 2008

Congressman Kuhl Believes Economic Stimulus Package Should Include Tax Cuts

Congressman Kuhl proves once again that he's a Taxpayer's Best Friend. From the Corning Leader:
U.S. Rep. John R. "Randy" Kuhl Jr. supports some kind of congressional action to give the ailing national economy a boost.

Exactly what should be included in a stimulus package will likely be debated in weeks to come. Kuhl believes at least some of it should include tax breaks for businesses and investors.

"What we need to do is put more money in the hands of people of who invest in money or invest in creating jobs," he said.

That could also include making permanent part, or all, of President Bush's tax cuts adopted in 2001 and 2003. The tax cuts are expected to expire in 2011.

Democrats have criticized the Bush tax cuts as breaks for the wealthy. Kuhl defended them as being effective and more inclusive than Democrats portray.

"In one shape or another they can be very, very good for boosting the economy on a national basis," Kuhl said.

Kuhl said he would also favor a reduction in capital gains tax for corporations and lowering the prime lending rate.

Kuhl said he is skeptical that giving Americans one-time rebate checks of $300 to $600 would have the desired effect.

"It puts more money into the economy but that's just wealth redistribution. That doesn't create jobs, per se," he said.

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