OH-17
How the Dem Tax Increases Affect Us
- Posted by Justin Higgins on March 13th, 2008 in
Today the Democrats are fighting to raise your taxes. They're fighting to spend more of your money. They're fighting to say that more government is the answer and only more money in the bloated bureaucracy can save us. Apparently, the Democrats think you're rich if you're making over $31,850. Their tax increases are going to affect us all. We take a look at that thanks to Matt at WMD which brings us this info:
An analysis of the House Budget Resolution for FY 2009 (H.CON.RES.312) reveals that the U.S. economy will suffer huge losses in gross domestic product (GDP), job creation and personal income if implemented. Analysts at the Center for Data Analysis estimated the economic costs of the budget resolution by looking at the combined effects of provisions contained within the legislation along with the effects of allowing the Bush Tax Cuts of 2001 and 2003 to expire. The House’s budget could cause a loss of more than $100 billion in GDP in 2012 and could also reduce job creation by over 1 million jobs that year. Furthermore, as a result of the House budget, every taxpayer can expect to pay, on average, more than $2,000 in taxes in 2012, while also losing an average of $1,767 in personal income.
In addition to these national numbers, Matt posted the district-by-district job loss and tax increase numbers for Ohio. In Ohio's 17th, my district, we have a population of 609,894 people, 282,497 of which are employed in industries other than the farm industry. In 2012, after the Democrat tax increases, the average tax-payer in OH-17 can expect to pay $1,267 more in taxes while making $1,593 less because of the hit in the economy. OH-17 is projected to lose 1,931 job and the local economy to take a hit of $172,000,000 because of their actions. Congressman Tim Ryan (D-OH17) won't be voting against this hit to our local economy. We have strong Conservative Republicans running to replace the Democrat majority, cut the excess spending, and lower your taxes. Think twice in November.

An analysis of the House Budget Resolution for FY 2009 (H.CON.RES.312) reveals that the U.S. economy will suffer huge losses in gross domestic product (GDP), job creation and personal income if implemented. Analysts at the Center for Data Analysis estimated the economic costs of the budget resolution by looking at the combined effects of provisions contained within the legislation along with the effects of allowing the Bush Tax Cuts of 2001 and 2003 to expire. The House’s budget could cause a loss of more than $100 billion in GDP in 2012 and could also reduce job creation by over 1 million jobs that year. Furthermore, as a result of the House budget, every taxpayer can expect to pay, on average, more than $2,000 in taxes in 2012, while also losing an average of $1,767 in personal income.

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