U.S. Senate candidates George Allen and Tim Kaine are busy on the campaign trail, and both of them were talking about the economy this week.
Allen has been visiting businesses calling for eliminating the red tape that impedes job creators and cutting corporate income taxes. Allen argues that lowering those taxes, which are the world's highest, would boost U.S. hiring and competitiveness. At Merit Medical Systems in Chester, Va. Thursday, Allen said he would repeal the new federal tax on medical devices that takes effect in January.
"Where the United States is preeminent in the world is in medical device manufacturing," he said. "And so what are the folks in Washington doing? They're imposing this tax. What is that going to do? It makes our country less competitive!"
Kaine was also talking jobs this week, and he rolled out an energy plan to expand use of all sustainable forms of domestic energy. He also spoke at an Arlington forum with government employees.
On a conference call, he proposed avoiding scheduled deep defense cuts through spending reductions, and he also addressed his position that Congress should renew most of the Bush tax cuts, despite the fact that that position differs from that of President Obama on that issue.
"I've called on Congress to allow the tax cuts to expire for those earning over $500,000. This is a middle ground," he says. "It's a compromise between where the president is and the make everything permanent position."
The dates for three more debates between the candidates have been set on September 20, and October 8 and 18.