Their budget proposes the largest tax increase in American history - The Democrat's budget calls for a tax increase of every tax bracket, slashes the child tax credit, raises the death tax, and reinstates the marriage penalty. And this is just a sampling, there is more. In all, the Democrat's plan will cost taxpayers over $390 billion in the next 5 years. What is particularly frustrating about this ill-advised action is that the Democrats are blatantly ignoring the economic consequences and fiscal benefits that lower taxes have brought to the treasury the past few years. Revenue has increased in double digits the last two years alone because of the economic expansion encouraged by reduced taxation. This revenue growth has been crucial in reducing the deficit. The Democrats refuse to recognize this, though, and instead they just want to tax us to death. This is a recipe for disaster.
From the Green Eye Shade Blog.
6 comments:
Yes, but this is money that THEY will control. You can buy a lot of dead GI's with that much spinach and pork...
IT'S FOR THE COMMON GOOD!
How many Democrats do you suppose understand that this will send the economy South just before the 2008 Presidential election?
And of that group, how many do you suppose will vote to produce such an effect with full confidence that the MSM and their constituents will never connect the dots?
What we need to remember is that good high-quality growth builds too much private property--which tends to liberate too many voters from dependence on the government.
I think Bush will kill it.
Given the economic problems we already have, this is equivalent to handing out the Koolaid.
In the annals of stupidity, the Dem program rates a star billing.
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