Owens, Doheny Disagree Over Bush-Era Tax CutsThe fight over Bush-era tax cuts is back. President Barack Obama says he wants continued tax breaks only for people earning less than $250,000 a year. North country Congressman Bill Owens, however, says while he's for asking wealthy Americans to pay more, he believes the income bar needs to be set higher. "We should be allowing those tax cuts to expire for everybody making over $500,000, Owens said. "I understand Sen. (Charles) Schumer was probably in the million range and the president is now saying 250. "My concern is that we keep the money in the hands of the people who are going to spend it in the economy," he said. On the other hand, Owens' opponent in November, Republican Matt Doheny wants to keep the tax cuts for all Americans, no matter how much they make. Doheny says increasing taxes for the wealthy will hurt business. The real way to reign in America's finances, he said, is by tightening the belt.
"Again, that's going to be across-the-board rationing of various programs," he said. "What we have to do is get back to reality where we cannot spend trillions of dollars every single year." Owens' staffers say the most recent economic information shows about a half percent of taxpayers in the district make over $200,000. The tax cuts are set to expire at the end of this year. |
Thursday, June 20, 2013
, Watertown, NY
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