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March 30, 2007
TAX HIKES-YIKES!!!
by Tina Grazier
Once again I must point out the folly of voting to “show them a lesson”. As reported by Robert Novak in the Washington Post today the new house democrat budget resolution will “increase non-defense, non-emergency spending by $22.5 billion for next fiscal year, with such spending to rise 2.4 percent in each of the next three years. To pay for these increases, the
resolution would raise taxes by close to $400 billion over five years -- about $100 billion more than what was passed in the Senate.”
The bill set to reach the House floor today (resembling the Senate version) would raise taxes an average of $1,795 on 115 million taxpayers in 2011. Some 26 million small-business owners would pay an average of $3,960 more. The decreased number of Americans subject to income taxes would all pay higher taxes, and 5 million low-income Americans would be returned to the rolls.
SO MUCH FOR “CARING ABOUT THE HAVE NOTS!
Reporting on this issue Captains Quarters had this to offer on the REPUBLICAN RECORD:
Discretionary spending rose by over 30% during the six years that the Republicans controlled both elective branches of government. They reduced taxes and grew the economy, but the GOP never delivered on their initial promise to reduce government an rein in spending.
Based on those failures, the nation gave the Democrats the majority in both chambers of Congress. What did we get? No decrease in federal spending; the Democrats want to grow the government by 2.4% each year, which would mean adding close to $100 billion in spending each year. In order to do that, they want to increase taxes across the board, choking off economic growth and making people even more dependent on the government.
Posted by Post Scripts at March 30, 2007 12:09 AM