Posted on 03/12/2013 1:15:05 PM PDT by SeekAndFind
The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget.
The blueprint unveiled by Senate Budget Committee Chairwoman Patty Murray (D-Wash.) on Tuesday to her Democratic colleagues would also turn off the next nine years of the sequester and replace those spending cuts with a 50-50 mix of tax increases and spending cuts.
The budget would dedicate $100 billion to economic stimulus in the form of infrastructure spending and job training.
Murray argues that her budget cuts $1.85 trillion from deficits over 10 years. But once the sequester cuts are turned off, Murray’s budget appears to reduce deficits by about $800 billion, using the Congressional Budget Office’s baseline. The Murray budget does not contain net spending cuts with the sequester turned off.
The details of Murray’s budget came hours after House Budget Committee Chairman Paul Ryan (R-Wis.) released his budget, which reduces tax rates and slashes spending much more deeply that Murray’s budget.
The Ryan budget would balance in 10 years without raising taxes and by reducing spending over the next decade by $5.7 trillion compared to the CBO baseline.
(Excerpt) Read more at thehill.com ...
No kidding, really?
Somewhat paradoxically, the new tax bill calls for all male citizens to give up their nuts while, at the same time, it calls for all women to surrender their first-born child.
surprised it doesn’t include $2 trillion in new taxes
(All together now) Socialism Is...
Legal Plunder. - Frederic Bastiat 1801-1850
STOP THE PLUNDER BUMP!
So what am I overlooking?
Also, it wouldn't surpise me if much of the spending proposed by the bill cannot be justified under the Constitution's Section 8 of Article I. Justice John Marshall had officially clarified that Congress cannot lay taxes in the name of state power issues, essentially issues which Congress cannot justify under Section 8.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." --Justice John Marshall, Gibbons v. Ogden, 1824.
So what am I overlooking?
Also, it wouldn't surpise me if much of the spending proposed by the bill cannot be justified under the Constitution's Section 8 of Article I. Justice John Marshall had officially clarified that Congress cannot lay taxes in the name of state power issues, essentially issues which Congress cannot justify under Section 8.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." --Justice John Marshall, Gibbons v. Ogden, 1824.
In a word, NO
Why do they even bother to announce this? More of our money to buy Taker votes for the Democrats...the same old s***.
1 trillion in new taxes but would not balance the budget ???
Aint that just lovely
Amazing how every RAT budget includes increased funds for "job trainig" when they are all about destroying jobs and the economy.
“infrastructure spending”(trains to nowhere)
and “job training”($50/hour playing cards at the defunct solar plant)
Even if those making over $200,000 were taxed at 100% it wouldn’t raise $1.6 trillion in new tax revenue. So who is going to pay more taxes to get this $1.6 trillion in new tax revenue? Anyone who believed our liar in chief when he said that those making under $200,000 wouldn’t see one dime in new taxes are going to be very surprised.
I though after the first "Stimulus" all our infrastructure was repaired. Wha happin?
RE: I though after the first “Stimulus” all our infrastructure was repaired. Wha happin?
From Obama’s own mouth: “Shovel ready jobs were not as shovel ready as we expected...”
TRANSLATION: I did not spend the stimulus on infrastructure, I spent it on placating unions ( teachers, autos ) etc., and other pet projects like cash for clunkers, green energy projects ( e.g. Solyndra ), and buying car companies like GM ( so that I can force them to build the VOLT ).
I know. I didn’t think I needed the < /sarc > tag.
Patty Murray wrote the Democrat Budget? the first one in four years? wonder if she had been preparing this for the last four years? because she is as dumb as a box of rocks, and can’t believe with all the Senators available she is the one to produce a budget!!!
she is the PTA running shoes mom...and she wants to give America Government a Budget!!!! LMAO
And 150% tax rate on millionaires and billionaires...
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