while many of us are standing up for tax cuts for working middle class families, there are some on the other side who want to continue to provide tax breaks to millionaires, billionaires, and even to big oil companies earning record profits. For the last 7 years, we've watched these record giveaways to the wealthiest people and corporations turn our budget surpluses into record deficits. The administration's fiscal mess is so bad that President Bush has borrowed more money from foreign countries than all 42 of his predecessors combined leaving our children in debt to unfriendly foreign leaders. American taxpayers are paying Iraq's bill while we have serious needs at home. Yesterday, in my home State, New Hampshire, gas prices hit record highs, and nearly 4,300 New Hampshire families may lose their homes to foreclosure. It's time to help middle class families caught in the economic squeeze. Now, I'm committed to changing the way Washington does business by giving tax relief to the people who truly need it. We can't fix our economy with the same policies that led to the economic slide.
Editor's note · Context
Addressing tax policy and economic challenges facing middle-class families.
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