John Spencer on Tax Reform

As Yonkers mayor, cut income tax and property tax

On taxes, Mr. Spencer boasts about his eight-year record in a city where registered Democrats outnumber Republicans nearly two to one. After beating an incumbent Democrat, Spencer said he cut a surcharge on state income tax and the city's real estate transfer tax by two-thirds. He said he kept property tax increases to an average annual increase of 4%. Source: Brian McGuire, The New York Sun Dec 27, 2005

Make President Bush's tax cuts permanent

Spencer said that he would like to see President Bush's tax cuts made permanent. "I think tax cuts spur economic development and spur on the economy," Spencer said. "That's been proven. The tax cuts should be made permanent. I think tax cuts are the way to go." Source: Brian McGuire, The New York Sun Dec 27, 2005

Signs "no new taxes" pledge

Bill Clinton wants to raise taxes. Hillary Clinton wants to raise taxes. Why on earth would Republicans want to raise taxes? This year-with faster economic growth because of lower tax rates-federal revenues increased $262 billion. It's incredible Washington can't make do on that huge increase.

George Bush is right. Higher taxes will just hurt the economy and make hurricane recovery even harder. That's why I have signed the American's for Tax Reform "no new taxes pledge". I'll fight for tax cuts

Source: Press release, "Stand Firm Against Taxes" Sep 21, 2005

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