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03/21/07

Budget Update 03-21-07

As Ronald Reagan would say – There they go again.  Tax and Spend seem to be the only two words Democrats understand when it comes to budgeting.  Today, the Democrats put forth a budget that increases spending, eliminates tax current tax cuts, and ignores the looming crisis that centers on unsustainable entitlement programs.  We will be in Committee all day and probably late into the night as we go through the budget and voting on several aspects of it. 

Here’s what we know so far: 

This budget is full of broken promises with one exception - it delivers on higher taxes!  They have proposed the largest tax increase in history - tax increases totaling $392.5 billion over 5 years - taxes increase by $231 billion in 2012 alone.

Keep checking back I’ll do my best to keep you updated throughout the day…

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