The Senate Budget: A $2,641 Per Household Tax Increase and No Entitlement Reforms

Discussion in 'Politics' started by hillclimber1, Mar 24, 2007.

  1. hillclimber1

    hillclimber1
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    http://www.heritage.org/Research/Budget/wm1405.cfm

    Conclusion:
    The Senate budget relies on massive tax increases while ignoring the coming tsunami in Social Security, Medicare, and Medicaid spending.This classic tax-and-spend budget would likely assure the expiration of the tax cuts that have helped to create jobs and promote economic growth.[14] The result of the Senate budget would likely be higher tax rates on families and businesses, slower economic growth, and a nation woefully unprepared to fund the coming retirement benefits of 77 million baby boomers. Lawmakers should go back and write a budget that deals realistically with coming entitlement costs and does not raise taxes to fund more government spending.

    Brian M. Riedl is Grover M. Hermann Fellow in Federal Budgetary Affairs in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation.
     
  2. 2 Timothy2:1-4

    2 Timothy2:1-4
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    They are under the delusion that the prosperity of the 90's was because of them. Since we no longer have a boom as a result of the surge of dotcom businesses when they increase taxes during a time of insecurity because of Irag, Iran, the soviet Union and the constant attacks on the President then the economy will be stiffled out of fear and further insecurity. It is sad we may have to go through it but their plans will reveal them and their agenda a failures.
     
  3. carpro

    carpro
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    There has never been any doubt that democrats would increase taxes at the first opportunity.

    That's just what democrats do.

    The only question has been how much their avarice will demand.
     
  4. Baptist in Richmond

    Baptist in Richmond
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    Democrat = tax and spend
    Republican = spend and spend and spend and spend and spend....
     
  5. hillclimber1

    hillclimber1
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    Can't argue at this time, but at least we cut taxes to stimulate economic growth, which sends far more money to Washington than the liberals can require by taxation.
    The liberals are already showing us their old ways, steeped in taxation.
     
  6. DQuixote

    DQuixote
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    Compassionate Conservatism turned out to be cut taxes and spend like there is no tomorrow. The latter part has created a national deficit that will be difficult to overcome. Big blunder on the part of Bush and the Republicans in Congress. Bush sought to preempt Demoncrats in governmental programs. Cut taxes and reign in government made more sense.
     
  7. hillclimber1

    hillclimber1
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    Well, friend you got that right, sorta. I don't/didnt call that Congress nor GWB conservative, but they sure have been pointed to as such.

    The fact remains that the revenue brought in to the govt. coffers has been the result of tax CUTS and not tax increases. But that doesn't change your premise, of runaway spending.

    Big blunder yes, if a blunder, more likely part of your point of caving to or preempting the democrats.

    Cut taxes and reign in government made more sense.....Sure did/does
     
    #7 hillclimber1, Mar 25, 2007
    Last edited by a moderator: Mar 25, 2007
  8. Terry_Herrington

    Terry_Herrington
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    Is this an endless proposition? If it is, we could pay no taxes whatsoever, and the government would thereby have even more money than they could possibly spend, right? :rolleyes:
     
  9. TomVols

    TomVols
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    Speaking of taxes and the Senate, I saw on CSpan that last week Trent Lott offered an amendment that would've attempted a fix on the AMT. What became of that?
     
  10. Baptist in Richmond

    Baptist in Richmond
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    Economic growth?

    Somebody has to pay for the war, don't they?
     

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