Alexi Giannoulias on Tax Reform

Tax cuts for college tuition, homebuyers, & job creation

I have presented a comprehensive economic plan that extends tax cuts for college tuition and first-time homebuyers, gives tax breaks to businesses that create American jobs, reigns in unscrupulous mortgage lenders and cracks down on the Wall Street gimmicks that led to the financial meltdown.

Realigning our economic policies to benefit the majority of Americans on Main Street rather than the corporations on Wall Street will not be easy. I entered public service because I believe that it is possible for good people to build a state and a nation where everyone, not just the privileged few, had a very real chance to succeed.

My comprehensive economic plan includes provisions aimed at getting people back to work, such as a payroll tax holiday for low- and middle-income workers and a new jobs tax credit for small businesses.

Source: Democracy For America 2010 endorsements Aug 12, 2010

Extend $8000 homebuyer credit; one-year payroll tax holiday

The Giannoulias Plan To Build The New American Economy: jumpstarting America's economic engine. Alexi proposed an extension of the successful $8,000 first-time homebuyer tax credit, a one-year payroll tax holiday for middle income workers, and a job creation payroll tax credit. He would offset the costs of these job-creating tax incentives by eliminating nearly $200 billion in tax loopholes used by corporations that ship American jobs overseas. Source: Campaign website, www.AlexiForIllinois.com, "Issues" Dec 25, 2009

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Page last updated: Dec 04, 2010