National Democrats prepare to spend more money on Menendez

Why is Tom Kean Junior only pay 4% taxes on earnings of over $200,000.00? No wonder he wants to freeze the Bush tax cuts, with tax payers like Junior our country would be bankrupt. Read Below:

Tom Kean Jr. released federal tax returns today showing that despite making $202,488 in income, he only paid $8,146 in tax in 2005 – an effective tax rate of only 4%. Kean Jr. used tax shelters and other investments to shield most of his income from taxation.
In response, Menendez for Senate Communications Director Matthew Miller made the following statement:

“Tom Kean’s tax returns tell us everything that’s wrong with tax policy in America today. Tom Kean Jr., who earns most of his $200,000 income from a trust fund and dividends, pays only 4% of his earnings in taxes while nurses, firefighters, and school teachers pay anywhere from 10 to 20% of their income in taxes under George Bush’s policies. Those are the tax policies Tom Kean Jr. says he wants to make permanent, despite record deficits, and now we know why. Bob Menendez will fight those policies because New Jersey need tax cuts for the middle class, not the wealthiest 1%, and we need to restore fairness to our tax policy so everyone pays their fair share.�

I must not be as smart as you. When Bill Clinton was president the country had a surplus, 6 years later we are in a record deficit. It does not take a rocket scientist to understand that the Bush administration has failed this country. How does Junior paying his fair share help the nurse and firefighter, well, let's see. Economics 101 , if rich individuals were not receiving tax breaks and loopholes because of Bush they would all be paying their fair share, more people paying their fair share equals more tax revenue collected. The more revenue collected translates into the possiblity of balancing the budget like Clinton did. A balanced budget impacts the tax structure. A fair tax structure would mean the nurse and fire fighter would not be subsidizing the Kean Juniors in the world by paying up to 5 times the tax rate that Junior is paying.

Mojo, you obviously don't understand how we created our wealth in the 90's and you certainly don't understand trust funds!

I understand this:

I paid over 20% in taxes last year and Tom Kean Junior paid 4%.

Tax breaks to the top 1% does NOT spur the economy. Tax breaks to all Americans certainly can spur the economy.

Clinton's "surplus" came on the backs of all americans by way of the largest tax increase in history. Ask that firefighter how big his surplus was under that tax increase. And the firefighter is subsidizing the rich. He is subsidizing Menendez's base (and probably more than a few questionable transactions Bobby boy was a partner to).

Mojo, is it always about you? Again I ask, what does making Kean pay 20% get you? You are still paying 20%, too. I wonder what rate you were paying under Clinton. Probably higher than 20% since the Bush cuts lowered the rate across the board and even increased credits for any children you might have. A tax cut for the top 1% actually allows them to invest in technologies and industries that the rest of the nation will be working with and for in the next 10 years. And the top 1% pay more than half of all the taxes collected. Looks to me that the rich pick up the social tab for a lot of people every year.

mojo - the answer is to lower that guy's taxes, not raise Kean's.

That's our fundamental difference.....

Mojo, you're a marxist and that argument has been played!

Road

Actually mojo is a stoogist-

Curly, Larry and Mo-J0

yakyakyakrrrrrr

George W, I think that Kean Sr.'s stumping for his son indicates that Kean Jr.'s race is in trouble, and he has to once again rely on his father's patronage and relative popularity for any chance of victory. Junior is counting on voters making the mistake that they are voting for Kean Sr. rather than his waffling, hypocritical son.

Mojo,
Wait, let me get this straight... Kean Jr. is asked a difficult question and has to take a stand and he, gasp, decided to run away and hide instead! Actually, this is part of a larger pattern: Kean Jr. backed out of a televised debate with Menendez, he originally agreed to answer questions concerning the Iraq war from a military families group, he tried to wiggle his way out of a June debate by claiming he had state senate duties, and he begged his way off the state budget committee rather than face election year scrutiny and make difficult decisions.

When the going gets tough, Kean Jr., well, decides to run and hide.