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NEW: Brown Ad Says Warren Tax Plan Would Cost MA 17,400 Jobs

Monday, October 08, 2012

 

Republican Senator Scott Brown's reelection campaign launched a new ad warning that Democratic challenger Elizabeth Warren's tax plan could cost Massachusetts more than 17,000 jobs.

The ad, entitled "Taxes," cites a July study from the accounting firm Ernst & Young that says President Barack Obama's tax plan, which Warren has supported, would result in the loss of 710,000 jobs nationally, including 17,400 in Massachusetts, by raising taxes on small business.

However, the White House has pointed out that the industry-backed study does not analyze the President's actual proposals, leaving out new tax cuts for business hiring and investment and assuming that tax cuts would be used to finance additional spending rather than reduce the deficit.

“Scott Brown will keep taxes low," says the ad's announcer. "He’ll protect small business and help them grow so we can have more jobs for everyone.”

Warren has said she wants to extend the Bush-era tax cuts set to expire on December 31, 2012 for the majority of Americans but allow them to expire for individuals earning more than $250,000 per year.

Brown, on the other hand, would like to see the tax cuts remain in place for Americans of all income levels.

Both the U.S. Chamber of Commerce and the National Federation of Independent Business have endorsed the Republican Senator in his bid for reelection.

 

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Comments:

Edward Saucier

Another Scott Brown anti-Warren attack ad loaded with lies. I call it a big stinking heaping pile of crap. The serial liar is at it again. How anyone can have even one ounce of respect for that guy is beyond reason.

Having said that, I noticed the rich people got another federal income tax reduction from the IRS that received no coverage from the MSM. For those to understand taxes and file Form 1040 Sch. "A" aka "the long form" may have noticed. Up to a few years ago those who made a lot of money could not deduct all of their itemized deductions. Depending on how much adjusted gross income they had they could loose, on a dollar per dollar basis, all of their itemized deductions.

Of course that lead to a higher tax rate, up to 35%. Us peons would never reach that income bracket so the main point of interest for those rich people was the income tax rate. For the past two years that no longer applies and the rich can deduct all of their itemized expenses which results in a lower tax rate. And they still want more. Ain't America great?




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