Alex Sink, in Delray Beach, calls for extending the Bush tax cuts

[Freddie Stubbs]

DELRAY BEACH — Democratic governor candidate Alex Sink, who visited a roofing business here to tout alternative energy, broke with President Obama and others in her party today by calling for an extension of all the 2001 and 2003 Republican tax cuts that are set to expire at the end of this year.

“I support the extension of the Bush tax cuts because to let them expire is going to hurt our ability to get people back to work,” Sink said. “We need to do everything we can to put people back to work. So that’s why I support the extension of the Bush tax cuts.”

The White House and many Democrats have called for extending most of the income tax cuts, but eliminating them for the wealthiest earners.

Sink said she favors extending all the tax cuts, including the lower rates on all levels of income, capital gains and inheritances.

more: http://www.postonpolitics.com/2010/09/alex-sink-in-delray-beach-calls-for-extending-the-bush-tax-cuts/

[RockaFowler]

1. Oh Alex

Don't fall for it. Hopefully she changes her tune, but boy this is a big disappointment

[onethatcares]

2. l'm speechless

someone that worked for Bank of America would want to extend tax cuts on capital gains and inheritances, I'm shocked.

Shocked I tell ya.:shrug: :hide:

[flpoljunkie]

3. Too bad Sink doesn't have guts to tell the truth-less than 2% of small businesses would be affected

by not renewing the Bush tax cuts on those making over $250,000--you know, the real 'mom and pop' businesses and not the Tiger Woods, Jamie Dimon, hedge fund 'small businessmen.'

BIG MISCONCEPTIONS ABOUT SMALL BUSINESS AND TAXES

By Chye-Ching Huang and James Horney

Supporters of various tax benefits for high- income households often claim that failure to maintain them would have an undue effect on many small businesses. But even assuming a broad definition of “small business,” such claims are often exaggerated or false. This paper examines three such claims.

First, critics charge that allowing the 2001 tax cut’s reduction in the top two marginal income tax rates for individual taxpayers to expire as scheduled would affect a large proportion of small-business owners. In fact, only 1.9 percent of filers with any small-business income are projected to face either of the top two income tax rates in 2009.1 By contrast, more than 14 percent of filers with small-business income claim the Earned Income Tax Credit (EITC) for low-income workers. Thus, strengthening the EITC could help more than seven times as many small businesses as reducing the top income tax rates.

http://www.cbpp.org/files/8-29-08tax.pdf

I am very disappointed, but will not, of course, be voting for the Republican bidnessman Rick '$1.7 billion Medicare fraud fine' Scott.