Kitchen Table Tax Relief
Posted in From the Trail, News Clips on July 22nd, 2008
After Al announced his new common-sense solutions to ease the middle-class economic burden yesterday, the Star Tribune and MPR wrote about Al’s new proposals and the rest of our busy week here at TeamFranken (check out our new web video!)
From the Star Tribune:
DFLer Al Franken’s U.S. Senate campaign has gone on the offensive in the past few days, producing a blistering ad on Republican Sen. Norm Coleman’s record, a Web spoof of a Coleman ad and, on Monday, offering Franken’s own pitch on the economy, geared to the middle class.
…
At a coffee shop in his childhood hometown of St. Louis Park, Franken told supporters Monday that he would expand the child-care tax credit, create a $2,000 caregiver credit for family members of the elderly and call for a new, privately run retirement account that would feature a 30 percent government matching contribution.
He also repeatedly linked Coleman to President Bush, saying “When George W. Bush took the wheel of the U.S. economy, he turned it sharply to the right and drove us right into a ditch, and Norm Coleman has been riding shotgun all the way.”
Read more from the Star Tribune piece here.
MPR wrote about some of the details of Al’s “kitchen table tax relief plan.”
“Franken wants to expand the dependent care tax credit to cover more than one-third of child care costs for families earning up to $100,000.
He would create a $2,000 tax credit to help families take care of elderly or ill relatives. Franken is also calling for an expansion of the Family and Medical Leave Act to cover millions more workers.
And he wants to eliminate the retirement savings tax deduction in favor of a 30 percent government match of every dollar a worker saves for retirement.
“For middle-class workers this triples the incentives to save,” he said. “And for many lower income workers who currently get nothing because they don’t make enough to pay income taxes, it’s a generous new incentive.”
Al is traveling the state this week to talk about his new economic proposals – check out our events page to find out if he’ll be in your area!
