How Can the Largest Tax Hike in History . . .

30 03 2007

Filed under: Taxes, Congress, Politics, Government spending

. . . Not be a tax hike? Yesterday, the House passed a new budget which the Heritage Foundation refers to as “a study in fiscal irresponsibility.” Though Democrats, not surprisingly, claim the bill does not “raise taxes,” it does allow the President’s wildy popular tax cuts to expire, resulting in a massive $400 billion tax increase for Americans over the next five years. Those with the lowest incomes will shoulder the biggest tax burdens.

Read through this budget from preface to postscript, and you’ll find new taxes and an awful lot of new spending. You’ll find faulty assumptions and misguided premises. You’ll find a house of cards stacked on a bed of worms.

But nowhere will you find honest answers to honest questions about our future. And in instituting the largest tax increase in American history, what you may just find are the instruments of its undoing.

Among those who will experience a tax increase if the Democrats’ plan becomes law:

— 26 million small business owners, by an average of $3,960.

— 48 million married couples, by an average of $2,899.

— 42 million families with children, by an average of $2,181.

— 12 million single women with children, by an average of $1,082.

— 17 million senior citizens, by an average of $2,270.

Where is the Democrats’ claim that they advocate for the poor, the middle class, the working American, the little guy?

Guess what, Democrats? You can make until the cows come home, but numbers don’t lie. And numbers didn’t lie when you claimed Bush’s tax cuts benefited “only the rich.” As we can see from those limited five catergories above, of which a significantly low percentage is “rich,” Bush’s tax cuts benefited the middle class and the little guy far more than the rich.

Republicans went 2 for 3 right before losing majorities in Congress by reducing taxes and growing the economy, but failed to reduce total government spending. Of course, factored into that spending is one forgotten-by-liberals domestic terror attack and one war on terror, but no excuses, GOP.

It was these failures that put Democrat majorities in Congress, not the War on Terror, since by now the country knows that Democrats had no “new direction” for the war. Only cut ‘n run. And what did we get with a new, idea-less Democrat majority? How about 0 for 3? Correct!

The new Democrat plan will raise taxes, the economy will follow by slowing down, and government spending will increase even more than under Republican leadership. The Democrats want to grow the government by 2.4% each year, which means adding $100 billion more in spending each year.

Captain Ed:

Democrats and taxes, together again after twelve years in the wilderness. It sounds like a movie romance — and we’re footing the bill for the production.

A more appropriate, all-inclusive title might be “Brokeback Taxes.”

Congratulations Democrats . . . you just lost your self-awarded title of “Party for the Middle Class.”

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