Kerry or Bush: What Would It Mean for Financial Planning?

October 2004
Journal of Financial Planning;Oct2004, Vol. 17 Issue 10, p20
Academic Journal
This article looks at the views of U.S. presidential candidates John Kerry and George W. Bush on issues relating to financial planning. Kerry wants to bring back three million lost jobs, give a manufacturing jobs credit, protect Medicare and Social Security, and begin a program called Older Americans in Service, in which seniors could earn tax-free toward an education grant for a grandchild. Bush points to past accomplishments, saying there is widespread evidence his job creation policy has worked, that standards of living have risen, and he is proud to have created a new health savings account and a Medicare prescription drug benefit. Bush wants to make permanent the tax cuts he championed in 2001 and 2003, and supports private investment of some Social Security funds. Kerry has indicated he would repeal the tax cuts for those earning more than $200,000 a year. He opposes privatizing Social Security.


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