RSSDemocrats Agree on $2.9 Trillion Budget, Tax Raises Are a’Coming
Well, all the talk of a fiscally responsible Congress are going the same way that the new Democratic Congress promised to be ethical. In a cloud of orgiastic spending on the backs of American taxpayers.
Remember when we said, sure you are mad at the Republicans but the alternative could be worse. Now the Democrats are planning a 2.9 TRILLION dollar budget, just a drop in the bucket. They are planning on paying for part of it by rolling back the tax cuts that were passed that have been creating record tax receipts for the government.
But as the Democrats like to kill the Golden Goose to satisfy their nanny state instincts, now they will propose getting rid of the tax cuts, undermining the economy, and creating more bloat and excess in the government.
Go fearful into the night, Americans, because it is going to get ugly out there soon.
The measure would also restore a “pay-as-you-go” rule that requires tax cuts or spending increases in benefits programs such as Medicare, children’s health care or farm subsidies to be financed by spending cuts or tax increases elsewhere so as to not worsen the deficit.
The budget plan is not binding but sets goals for subsequent tax and spending bills. It makes a statement about the priorities of majority Democrats and provides an early test for the party to prove it can govern.
Republicans said Democrats managed to project a balanced budget in 2012 only by assuming tax rates on income, dividends and capital gains revert to pre-Bush levels, costing taxpayers more than $200 billion in alone. via Breitbart.
If you liked this post, you may also like these:
Comments
7 Responses to “Democrats Agree on $2.9 Trillion Budget, Tax Raises Are a’Coming”
Leave a Reply
orgiastic spending…compared to what’s gone before? get serious!
well, to quote that old tv show, “youuuuuuu asked for it”.
dennisintn
You get the Congress you deserve.
The sentence quoted below was intended to be humorous, right? You are not seriously suggesting that the Republican tax cuts for the wealthy created record tax receipts, are you?
“They are planning on paying for part of it by rolling back the tax cuts that were passed that have been creating record tax receipts for the government.”
Emote to your heart’s content. It’s our children and grandchildren that will pay for the mess that we are in today.
#4 spin it any way you want, but yes, Bush’s tax cuts did exactly what he said they would - increased tax revenues.
You see when people are allowed to keep more of their money and spent it the way they want, they tend to spend more, invest more in the economy and resent taxes less.
When a tax system becomes totally oppressive, people tend to work less, spend less and be really pissed off that a government is not rewarding their hard work but rather taking their gains away from them and giving them to those that don’t work. An oppressive tax systems begs people to become lazy and not work.
That is true # 5.