Sunday, April 8, 2007

Democrats: Selling Us and Our Freedom

“Democrats have been on a spending spree since taking power in Congress, and this week, they handed the taxpayer the bill,” Congressman Pitts said. “This budget represents tax-and-spend politics at its worst. It will leave hardworking American families with less money in their pockets, and seriously threaten the strong economic growth we’ve experienced over the last three years.

Democrats in H.Con.Res.99 for fiscal year 2008 have introduced the largest tax increase in American history. Nearly $400 billion over 5 years. 115 million taxpayers would see their taxes increase, on average, by $1,795 in 2011. 83 million women would see their taxes rise, on average, by $2,068. 48 million married couples would incur average tax increases of $2,899. Taxes would increase, on average, by $2,181 for 42 million families with children. 12 million single women with children would see their taxes increase, on average, by $1,082. 17 million elderly individuals would incur average tax increases of $2,270. Taxes would rise, on average, by $3,960 for 26 million small business owners. Over 5 million taxpayers who previously owed no taxes would become subject to the individual income tax as a consequence of the sunset.

No comments: