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Previous Next Carter Votes Against Unprecedented Tax Increases that Will Burden American Families

03/29/07

Washington, DC, Mar 29, 2007 -

Congressman John Carter (R, Round Rock), House Republican Conference Secretary, today voted against the Democrats’ budget blueprint for 2007-2008. The budget contains a $400 billion tax increase over 5 years, making it the largest tax increase in U.S. history, and adds more than $22 billion in new non-defense spending next year alone.

“I cannot ask Americans to pay more taxes than they already pay,” Congressman Carter said. “I had hopes that the new Majority would stick to their promise to cap discretionary spending and act fiscally responsible, but this budget does nothing of the kind. This will create a real burden on real working people. It seems the Democrats forgot our country’s citizens face financial hardships every day, and increasing taxes provides an incredible disservice for people struggling to pay their bills.”

“This proposal will hit millions of middle-class families and seniors with higher taxes. That means no new Little League uniforms, no more family nights to the movies, no new cars, and seniors having to choose which medication they can afford,” continued Carter.

Over 7.7 million Texans would see their income taxes increase $2,755 on average under the proposal. The budget would also raise the 10 percent tax rate bracket to 15 percent, meaning more than 5 million individuals and families who previously owed no taxes would become subject to the individual income tax in 2011, and reducing or eliminating other low-income tax benefits. The bill also includes eliminating the Marriage Penalty Relief, increasing 23 million taxpayers’ taxes by $466 on average in 2011; and cutting the Child Tax Credit in Half, increasing 31 million taxpayers’ taxes by $859 on average in 2011.

The budget passed the House of Representatives; House leaders will now confer with Senate leaders on their version of the budget in order to come up with a compromised bill.