Posted on 04/06/2007 7:15:31 PM PDT by EagleUSA
The Democrats just can't resist. Whenever they get control of the nation's pocketbook, they end up exposing their political Achilles' heel by trying to raise taxes. Just months into their new majorities on Capitol Hill, Nancy Pelosi and Harry Reid are already playing to type.
Last week, House Democrats passed a budget blueprint that would wipe out existing tax cuts while mostly ignoring the rising costs of the alternative minimum tax. With an anticipated take of $400 billion over five years, the result would be a bigger tax increase than Bill Clinton's in 1993 -- the one that helped cost Democrats control of Congress the following year.
And Clinton was a bit savvier about his tax-hiking. After scrapping his promised middle-class tax cut, the Man from Hope vowed that he would only raise taxes on the richest 1 percent of income earners who weren't "paying their fair share." While that wasn't exactly true -- the boost in the gasoline tax and other levies hit taxpayers across the board -- the rise in marginal income tax rates was mostly skewed toward the upper-income taxpayers (and more than a few job-creating small businesses).
Clinton even sweetened the medicine with an expanded earned income tax credit, so he could claim, however tendentiously, to be cutting taxes for the poor as well as raising them for the rich.
But the House Democrats' plan is straight out of Walter Mondale's across-the-board tax increase handbook. The bottom income tax rate would jump from 10 percent to 15 percent. More than five million families and individuals with no income tax liability would be added back to the tax rolls.
(Excerpt) Read more at spectator.org ...
They don’t have the votes to override a veto.
I’m not sure we’ve a president who will veto it though....
1) The Democrats (again) remind the electorate that they like nothing better than to steal our money.
2) They don't have the votes to override the President's veto.
They keep thinking that they have a mandate … a one or two vote majority is not a mandate.
You are joking, aren't you?
sounds like the democrats are handing themselves the own rope they are going to hang themselves with come next elections.
However, don't expect a veto on any amnesty bill. ....a bill he'll enthusiastically sign, unfortunately.
” The Coming Democratic Tax Increase “
If only the voter actually was made to
1. pay his share of tax increases,
2. informed what they would be prior to voting,
though running against Bush made it easier to
hide the real agenda to many.
bump
Of course, BJ was not from Hope, he was from Hot Springs--a party town.
Anyway, I anxiously await MSM accounts of how much the DemonRat tax increases will "save" us, as they always say that R tax cuts "cost the American people." I don't know if the MSM are bass ackwards libtards, or merely liars about taxation issues.
2) They don't have the votes to override the President's veto.You are joking, aren't you?
You need two thirds to override a veto. The Donks aren't close to that.
Assuming there is a veto, that is. Bush's dad needs to show him how to use the veto pen. If memory serves, Poppy Bush issued 35 straight vetoes before a successful override (on a cable TV rate-relief bill, introduced by my congressman, Ed Malarky).
Why would he want to save them from their own stupidity?
If these increases hit expect 2012 to be a year of major recession.
Just hope that the prez vetoes & RATS don’t have enough votes to override. I’m sure getting tired of the RATS antics.
Um..... because we elected him to keep taxes down. He has the power to veto a tax increase. If he signs one.... then he’s as much to blame as those who wrote and passed it.
If the Bush tax cuts are not renewed, then some of the blame should rest with the Republican House, Senate, and White House that lacked the courage to push through tax cuts unburdened by sunset provisions. Their argument at the time was that sunsetting the cuts was the only way to ensure passage. My tinfoil hat opinion is that the sunsetting was a too clever by half political gamble to create an election issue for 2008 and 2010 - useful if they’re in the minority (The Dems are raising taxes!) or the majority (We’ll extend the tax cuts for eight years!).
See post #11.
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