Will Blue Dog Democrats Vote for the Largest Tax Increase in American History?
Posted by GOP Leader Press Office on March 27th, 2007
Dozens of Blue Dog Democrats campaigned across America last year not as tax hikers, but as tax cutters. Yet, while tens of millions of middle-class families are filling-out their 2006 tax returns, Democratic leaders are asking Blue Dogs to support the largest tax increase in American history. Given the cost of living these days, middle-class families don’t need tax hikes – they need tax relief. So Blue Dog Democrats have to ask themselves:
Will Blue Dogs Support a Budget that Increases Income Tax Rates, Reinstitutes the Marriage Penalty, and Slashes the Child Tax Credit?
- Raising the 10 percent tax rate bracket to 15 percent would raise the taxes of more than five million individuals and families who previously owed no taxes.
- Eliminating marriage penalty tax relief would cause tax hikes for 23 million taxpayers and middle-class families, on average, by $466 in 2011.
- Cutting the child tax credit in half would raise taxes for 31 million taxpayers and middle-class families, on average, by $859 in 2011.
Will Blue Dogs Support a Budget that Hits Taxpayers of All Ages, from Families to Seniors?
- An elderly couple with $40,000 in income would see their tax bill rise by 156 percent in 2011 – from $583 to $1,489.
- A family of four with $60,000 in earnings would see their tax bill would rise from $3,030 to $4,893 in 2011 – that’s an increase of more than $1,850, or 61 percent.
- A single parent with two children and $30,000 in income would lose 67 percent of her tax benefits in 2011. With tax relief, this single parent qualifies to receive $2,414 back; with the Democrats’ tax hike, this single parent would only get back $799.
Will Blue Dogs Support a Budget that Raises Taxes on EVERY Working American and Middle-Class Family?
- 115 million taxpayers would see their taxes increase, on average, by $1,795 in 2011.
- 83 million women would see their taxes rise, on average, by $2,068.
- 48 million married couples would incur average tax increases of $2,899.
- Taxes would increase, on average, by $2,181 for 42 million families with children.
- 12 million single women with children would see their taxes increase, on average, by $1,082.
- 17 million elderly individuals would incur average tax increases of $2,270.
- Taxes would rise, on average, by $3,960 for 26 million small business owners.
- Over five million taxpayers who previously owed no taxes would become subject to the individual income tax as a consequence of the sunset.
Middle-class families already face a rising cost of loving, and the last thing they need from Washington politicians is a tax hike. Republicans believe Congress can balance the budget in five years without raising taxes. We can balance the budget by keeping taxes low, promoting economic growth, and putting an end to the excessive waste, fraud and abuse within the federal government.
Permalink |
This entry was posted
on Tuesday, March 27th, 2007 at 11:27 am and is filed under Families, Fiscal Responsibility.
You can follow any responses to this entry through the RSS 2.0 feed.
Responses are currently closed, but you can trackback from your own site.
