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Who is expected to foot this tax hike?

andybob

Well-known member
House Dems Pushing for Largest Tax Increase in History
by Wendy Cloyd, assistant editor

Pro-family experts say tax hike would devastate families

Tax relief signed by President Bush in 2001 and 2003 is scheduled to expire in 2010, and some Democratic lawmakers want to see it end – effectively raising taxes to the highest level in history.

Meanwhile, conservatives are demanding tax relief be made permanent.

In a budget-resolution package, Democrats promised to balance the national budget by 2012 by finding "$900 billion in additional revenues." What they don't spell out is that the money comes directly from Americans' pockets.

The budget proposal is slated for a vote Thursday in the U.S. House.

Brian Riedl, senior budget analyst for the Heritage Foundation, said liberals are working hard to convince Americans they're not really raising taxes.

"The fact is that in 2010, tax rates will increase and the government will begin collecting hundreds of billions of dollars more than if the tax rate stayed at the current level," he said. "A scheduled tax increase is still a tax increase."

The average tax hike per household would be more than $2,641 annually. In addition, the child tax credit would be reduced from $1,000 per child to $500, and the marriage penalty would be brought back into the tax code.

According to Senate Minority Leader Mitch McConnell, if the president's tax relief is not made permanent, a family of four earning $50,000 would see taxes go up 132 percent. A single parent with two children earning $30,000 would see taxes raised 67 percent.

And the billions lifted from America's families would all be spent by bureaucrats, Riedl said.

"That's money that could otherwise go for groceries, child expenses, school expenses, the mortgage and bills," he said.

Andy Roth, director of government affairs at The Club for Growth, added that the billions quickly turn into trillions.

"You go into trillions when you go out to 10 years," he said. "The fact that the Bush tax cuts 'expire' is the word game they're playing – it's a tax hike."

Democrats point to the budget deficit, but Roth called that a losing argument.

"The deficit is quickly shrinking and a lot of people believe that the budget is going to be balanced by the end of 2008," he said, "a lot sooner than people would have thought."

The real motivation is Democrats want to increase spending on their favorite programs, he said.

Riedl agreed.

"The Democrats will take the trillions of dollars in tax increases and first put a couple hundred billion dollars toward spending increases even above the spending spree we've seen since 2001," he said. "The rest of the money will likely go towards paying Social Security, Medicare and Medicaid -- because they absolutely refuse to pare back those programs whose budgets are growing out of control."

TAKE ACTION
Ask your U.S. representative to oppose the Democrats' plan to increase taxes to historic levels. You may contact them through the CitizenLink Action Center.
 

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