He advocated letting the tax cuts expire for those earning more than $250,000 — 2 percent of Americans — and keeping the tax cuts for everyone else. Tierney also wants to close some loopholes, subsidies and tax exemptions that he said would save nearly $500 billion in the next five years.
By ending the Bush-era tax cuts, the federal government would save $1 trillion over the next decade, he said.
In the Democratic plan, “spending will be kept down considerably. It will be painful, but far less painful than (the Republican) plan I just described,” Tierney said.
Though the congressman never mentioned his Republican opponent, Richard Tisei, Tierney has relentlessly tried to paint Tisei as a loyal follower of Ryan’s ideology and to convince voters that a vote for Tisei is a vote for the Republican establishment. Tisei, meanwhile, has made a concerted effort to bill himself as a moderate, independent thinker in the vein of Massachusetts Republican Sen. Scott Brown.
Tierney noted that Tisei was named a Republican Young Gun, a program Ryan co-founded, and Ryan’s political action committee has plans to spend $900,000 in the coming months supporting Tisei’s campaign and presumably bashing Tierney.
“Take a good look now; you may not recognize me in a few months,” Tierney joked about the ads to come.
Tierney, an eight-term Democrat, and Tisei, a former state senator from Wakefield, are locked in a heated and bitter campaign for the Massachusetts 6th Congressional District.
Tisei is scheduled to address the chamber next month.
Staff writer Jesse Roman can be reached at firstname.lastname@example.org.