Are you SHOCKED that the DEMOCRATS are planing to raise our TAXES?

Question

The Democrat Controlled Congress with the 13% approval rating is doing what democrats do best; take your money!

Unfortunately, Democrats have approved a budget that fails to extend the bulk of the 2001 and 2003 tax relief — most of which is set to expire in the next few years — resulting in a staggering tax hike of at least $736 billion. Most notably, the Democrats’ budget fails to extend the lower tax rate on capital gains and dividends and most of the income tax relief we’ve passed, the two provisions that have done the most to spur the strong economic growth of the past several years. In addition to this massive tax hike, Democrats on the House Ways and Means Committee are also proposing another growth-stifling tax hike to pay for alternative minimum tax relief, this one a 4 percent tax hike on higher income Americans and small business owners.

Whatever Heidi - Why are you blocking me?

Answer 1

No, I'm not shocked. The first thing Clinton did when he got into the White House in '92 was re-tax America. Now they're back in and they're planning a tax hike that will double the largest one in history. But then, we elected them so we deserve it. Hopefully this will get enough people mad to keep Hilary out of the White House, but then Nancy Pelosi could really handle that by herself.

Answer 2

Shocked? Why of COURSE I'm shocked? Democrats raising taxes? Why that's simply unheard of!

Why... those evil conservatives must be behind this. Don't they know that the People are too stupid to manage their money and We are only trying to reallocate the money properly because we are smart and we really (chuckle/snort) care for the Common Man?

Answer 3

Why does everybody think that the tax cuts only affect the rich. I am not rich yet I have benefited from the tax cuts. You people need to think before you spout off that liberal propaganda. Everybody I know in my pay scale has benefited from the tax cuts. Who comes up with this stuff, how do you figure that only the rich benefit from lower taxes, Oh yeah its jealousy you want to be rich and you aren't so you want to take the money that they earned and put it in your pockets.

Answer 4

I think we should all push for a higher sales tax, with groceries, clothes under $50, and medicine exempt. Then illegals and tourists will pay, too, and we can keep income tax low.

Answer 5

Funny Democrats. Increase the government revenue haul in the name of reducing debt while at the same time increasing our personal debt. Doesn't make much sense to me. Pay our fair share? How do you do that when they have no idea what fair is.

Answer 6

Im not sure what everyone expected to happen.

We have to find some way to pay for medicare, medicaid, social security and the prescription drug plan AND Bush's insane war. Everyone has known that taxes were going to have to be raised, why the surprise now?

We've been robbing Peter (the future) to pay Paul (the past) now Peter wants his due. Anyone who has taken even an evening seminar in Econ knew higher taxes would be the result.

EDIT: lol! You people make me giggle, all the thumbs down in the world wont keep your taxes from being raised. Thank Mr. Bush.

Answer 7

So dealing with the deficits of this rogue regime SHOCKS you, responsible fiscal policy is outrageous.

Maybe we should be focusing on how do we repair the damage done to the constitution by this rogue regime. It may take a lifetime to repair, but all we can do is talk about the handouts to the rich. Same old RNC...

Answer 8

No, the sad part is that it's been proven that lower taxes create higher revenues. So if its not a money thing, than why do they feel the need to take more? Thats a scary question.

Answer 9

Does the Democratic budget contain the "largest tax increase in American history" or "not one penny" of increase? Answer: neither. http://www.factcheck.org/taxes/counter-rotating_tax_spin.html

99% of US TaxPayers were Net LOSERS under Bush's Tax and Spend Policies.
From 2001 to 2006, the typical middleincome American has received a tax cut totaling $1,855 per family member. But
that family’s share of the added national debt burden is $8,936 per person.

This means that the net impact of the Bush fiscal policies on the middle 20 percent is an added burden of $7,081
per American—or $28,322 for a family of four.

For the wealthiest one percent of Americans, who have an average 2006 income of $1,272,000, the tax breaks outweigh the added debt burden accumulated from 2001 through 2006 by an average of $30,352 per family member.
They have received an average tax break of $84,482 per family member, which exceeds their added debt burden of $54,130 per person by $30,352.

In contrast, the added debt burden accumulated from 2001 through 2006 outweighs the tax breaks for the other 99 percent of U.S. residents by an average of $7,166 per person. They have received a tax break of $2,616, but their added debt burden is $9,782 per person.

Put another way, if you’re among the 99 percent of Americans who lose, then for every $1.00 in tax cuts the federal government has given you over the past six years,
you’re left holding a bill for $3.74.

“A tax cut paid for with borrowed money is just a deferred tax increase or program cut, with interest,” noted CTJ director Robert S. McIntyre. “The vast majority of Americans
are worse off now than before President Bush's tax cuts were enacted. Only the very rich are net winners.”

Answer 10

Somebody has to be the and pay the bills. Immature people think if they max out their credit it isn't real money.

By the way the 13% is not for the DEMOCRATIC Congress, but for the ENTIRE Congress, which is 49% REPUBLICAN. And you cherrypicked the most favorable statistic for your point. Other polls have Congressional approval at 27%.