Brian Reidl has written an article featured on The Heritage Foundation Web Site of the proposed Senate Budget. Below is just a glimpse of Brian’s article. Follow the link to the entire article.
The Senate Budget: A $2,641 Per Household Tax Increase and No Entitlement Reforms by Brian M. Riedl WebMemo #1405, March 22, 2007
The Senate Democrats, writing their first budget resolution since winning control in Congress last fall, have produced a budget blueprint that:
- Raises taxes by $900 billion over five years and a projected $3.3 trillion over ten years;
- Translates into a tax increase of $2,641 per household annually over the next decade;
- Includes 22 reserve funds that could be used to raise taxes by hundreds of billions more;
- Increases discretionary spending by nearly 9 percent in FY 2008 and does not terminate a single program;
- Completely ignores the impending tsunami of Social Security, Medicare, and Medicaid costs;
- Creates rules that bias the budget toward tax increases; and
- Employs the same gimmicks that Congress criticized the President for using in his budget proposal.
Filed under: Democrats, National Budget, Politics
I’m shocked, shocked, I tell you. Go figure that the Dems are sneakily trying to raise taxes and are employing a method they once criticized when it was used by a Republican. The good news is that it may make Hillary’s chances slimmer come 08.
WC