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Democrats Want to Raise Your Taxes

Justin Higgins — Thu, 2008-03-13 16:45

The title of the post is simple enough, but the big story here is just how many Americans will be affected if the Democrats are successful in their new tax plans. Ed Morrissey has a post up about what the Senate's up to today, and I want to focus on one specific part, the tax hikes. The New York Sun has the story:

ROTR- Obama the Tax-HikerThe developments came as the Senate began a full day of votes on a $3 trillion Democratic budget blueprint for 2009. The nonbinding plan envisions a balanced budget in four years and promises generous increases for many domestic programs, but achieves those goals only by assuming major tax increases when Bush's tax cuts expire.

Mr. Obama and Mrs. Clinton both promise to reverse Mr. Bush's tax cuts for wealthier taxpayers, but the Democratic budget they'll be voting for would allow income tax rates to go up on individuals making as little as $31,850 and couples earning $63,700 or more.

If $31,850 is the new definition of rich, then America is doing much better than the media lets on. Obama, Clinton, and Democrats in general have been very persistent in insisting that they'll only repeal Bush's "tax cuts for the wealthy" but in all honesty, they'll be raising taxes on most of America. According to recent data, the median income (half of America falls below, half above) of the individual working American is $32,140. If the Democrats have their way, over half of this nation will throw more money into our broken government bureaucracy. It's not a talking point, it's the truth: Democrats want to raise your taxes.

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