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Lee Fisher on Tax Reform

 


Let Bush tax cuts expire for millionaires

On taxes, Fisher supports extending tax cuts for the middle class but letting them expire for millionaires and billionaires. Portman contends that any tax increase would hurt the fragile economy.

"Let's focus first on what policies got us into this recession," said Fisher, "because we can't afford to go back to the same people and the same policies that dug us the deepest economic ditch in most of our lifetimes."

Portman painted Fisher as the status quo responsible for the economic woes.

Source: Dayton Daily News coverage of 2010 Ohio Senate debate Oct 13, 2010

2005 tax cut reduced Ohio taxes by 16.8%

The candidates challenged each other over jobs and taxes and who is best able to help revive Ohio's battered economy.

Fisher said Portman has backed trade policies that have sent Ohio jobs overseas. He repeatedly sought to tie Portman to economic policies of former President George W. Bush, in whose administration Portman served as trade representative.

Portman said Fisher's proposals would mean job-killing higher taxes. "You can't continue to raise taxes," he said.

Ohio Gov. Ted Strickland implemented a tax cut in 2005 that resulted in state income taxes that are 16.8 percent less than they were in 2004, said a spokeswoman for Fisher, Ohio's lieutenant governor [under Strickland].

Source: Business Week coverage of 2010 Ohio Senate debate Oct 8, 2010

Let tax cuts on wealthy expire, to pay for health reform

Health care reform should not be paid for by raising taxes on the already-strapped middle class. Asking hardworking Ohioans mired in recession to pay higher taxes actually undermines what is for me a central goal of reform. In particular, health care benefits should not be taxed.

It would of course be naive to think that reform has no cost. We must look at a wide variety of other mechanisms to provide the funds needed for reform. For example:

Source: Campaign website, www.fisherforohio.com, "Issues" Dec 25, 2009

Other candidates on Tax Reform: Lee Fisher on other issues:
OH Gubernatorial:
John Kasich
OH Senatorial:
Rob Portman
Sherrod Brown

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Page last updated: Nov 27, 2010