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Democrats pass largest tax increase in US history

House Republican Whip lists who will experience a tax increase if the Democrats' scheme becomes law

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Writing a budget is about setting priorities -- priorities like keeping the tax burden low, encouraging the creation of new, good-paying jobs, and making it easier for American families to plan for and invest in their future.

Unfortunately, the budget Democratic leadership narrowly passed this afternoon puts the quality of that future in serious risk. It extends our new obligations to unprecedented new levels. And it imposes a $400 billion tax increase -- the largest in American history -- in a short-sighted attempt to cover it.

Read through this budget from preface to postscript, and you'll find new taxes and an awful lot of new spending. You'll find faulty assumptions and misguided premises. You'll find a house of cards stacked on a bed of worms.
 
But nowhere will you find honest answers to honest questions about our future. And in instituting the largest tax increase in American history, what you may just find are the instruments of its undoing. 

Among those who will experience a tax increase if the Democrats' plan becomes law:

-- 26 million small business owners, by an average of $3,960.
-- 48 million married couples, by an average of $2,899.
-- 42 million families with children, by an average of $2,181.
-- 12 million single women with children, by an average of $1,082.
-- 17 million senior citizens, by an average of $2,270.

Roy Blunt (Mo.) is the House Republican Whip

The views and opinions expressed herein are those of the author only, not of Spero News.
Filed under democrats, taxes, Economics
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