Charles Malone, who is running against George Holding for Congress, says he would extend President Bush’s tax cuts to include those who make $1 million or less – higher than the $250,000 limit Democratic leaders in Congress and President Obama propose.
“I am supporting this extension beyond what my party is asking in order to give tax relief to approximately 620,000 small businesses that would be affected by the $1 million limit,” Malone said in a press release on Friday.
Malone, who lives in Raleigh, said he called for the tax cuts in a speech Thursday to the Raleigh Chamber of Commerce. He said it was meant to illustrate he is willing to bridge the divide between parties if he is elected in November.
The 13th Congressional District includes portions of Wake, Durham, Granville, Vance, Franklin, Nash, Edgecombe, Wilson, and Wayne counties. Holding is a former U.S. Attorney; he defeated Wake County Board of Commission member Paul Coble in the primary.