Jack Conway on Tax Reform

Keep Bush tax cuts during recession

CONWAY: I was talking about the special interest provisions that allow companies to shift our jobs overseas. That's what I was focused on in that particular interview. We shouldn't be raising taxes in a time of recession, with 10% unemployment, with capital frozen on the sidelines. In 2002, when I was running for the US Congress, I was for the Bush tax cuts then. I was one of the few Democrats for them. And I think now we just ought to extend them.

PAUL: Well, you were for them before you were against them. At the Farm Bureau debate just a couple of months ago, you said you were bringing back the death tax.

CONWAY: No, I didn't.

PAUL: You specifically said you wouldn't take a 55% tax on estates. You said 45% with some exemptions.

CONWAY: I never said that.

Every child born owes $38,000 of national debt

• He would save: $200 Billion, by giving Medicare the ability to negotiate for bulk rate discounts on prescription drugs.
• $100 Billion, by reducing waste, fraud and abuse in Medicare just like he did with Medicaid here in Kentucky.
• $130 Billion, by closing corporate tax loopholes on overseas interest and income and shutting down offshore tax shelters.

Extend Bush tax cuts for 5 to 10 more years