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.
Warnings from Hagel and Dempsey
30 minutes ago