2010 AR Senate Debates: on Tax Reform

Blanche Lambert Lincoln: Extend tax cuts for low and middle income

John Boozman: Support the FairTax; abolish the Internal Revenue Service

Blanche Lambert Lincoln: The ultrawealthy should not receive tax cuts

Lincoln, however, said that extending the tax cuts for the wealthy should only be done if it can be paid for. "The ultrawealthy, I do not think should receive that tax cut unless it is paid for in a responsible way, and that's an important thing we have Boozman said he supports extending all of the tax cuts and said that not extending them for the higher income taxpayers would hurt small business owners. "The last thing we need to do in this economy is raise expenses on small businesses, especially on small businesses that are making money," Boozman said. "That makes no sense at all."

Blanche Lambert Lincoln: National sales tax of 23% is just a bad idea for Arkansans

"The 23 percent sales tax is just a bad idea for Arkansans," Lincoln said. "It is replacing your federal income tax with a 23 percent consumption tax on anything you purchase, anything from your bread to your tires to your home to your car."

Boozman defended his position on Social Security and said that private accounts should be looked at as an option. Boozman said that he's open to the idea of the national sales tax and said it would simplify taxes for Americans.

"I think it's something that needs to be looked at. I would love to get rid of the IRS," Boozman said.