The same folks who larded up the emergency war appropriations bill with billions of dollars in pork-barrel projects are at it again. Yesterday House Democrats voted to impose the largest tax hike in American history. Every spring Congress approves a budget blueprint that lays out its spending priorities and revenue assumptions for the next fiscal year and those that will follow. The budget approved by Democrats on Thursday reverses 12 years of Republican tax cuts and pro-growth policies. It lays the groundwork for increasing personal income tax rates on middle-income families, slashing the child tax credit, reinstating the marriage penalty and bringing back the death tax.Note:
We've seen this play before. The last time Americans faced a massive tax hike was in 1993 -- the last time Democrats were in the majority. President Clinton campaigned on middle class tax cuts only to turn around and sign what was then the largest tax hike in history. But Clinton's tax hike pales before this one.
The budget approved by Democrats on Thursday reverses 12 years of Republican tax cuts and pro-growth policies. It lays the groundwork for increasing personal income tax rates on middle-income families, slashing the child tax credit, reinstating the marriage penalty and bringing back the death tax. We've seen this play before. The last time Americans faced a massive tax hike was in 1993 -- the last time Democrats were in the majority. President Clinton campaigned on middle class tax cuts only to turn around and sign what was then the largest tax hike in history.Clinton's tax hike is nothing compared to what today's Democrats have in store for you...
Mark's Remarks
Yes, this tax hike makes Clinton's look miniscule. And when the government confiscates more of your money and mine, as more businesses are forced due to taxation to go offshore, as real earnings drop again, don't ask me what happened, because here is what I will say:
November 7, 2006
You people didn't study the past. You didn't believe us when we said those so called moderates would be clay in Pelosi and Reid's hands. You people thought that just changing people would fix everything, but you had no idea what that change was going to do. You didn't do you homework, and now you are getting what you voted for.