I am proud of my record on limiting tax increases and delivering value for taxpayer dollars as Mayor of Portsmouth, because I believe taxes cannot grow faster than taxpayers' ability to pay them.

     Most Americans pay more in payroll taxes than they do in income taxes, but Bush/Sununu have focused on income tax cuts - which disproportionately help the wealthiest Americans.  We should repeal parts of the Bush tax cut and use the difference to fight the deficit spending that is threatening the future economy of our children.  Then, we should raise the earnings cap for payroll tax, and use the additional revenue to reduce the payroll tax rate for both the employee and employer sides of the payroll tax.  This would lower the cost of hiring employees for employers, stimulate job growth, and put real dollars in the pockets of virtually all Americans.

     Using the revenue created through these reforms, we can create an additional retirement savings account for every American to supplement Social Security, to encourage personal retirement savings, and to give working- and middle-class Americans a meaningful tax cut.