Tax Day Would Get Worse Under Democrat Plan for Job-Destroying Taxes
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FYI, a similar version of this release below went out to the following districts: Jason Altmire (PA-04), John Barrow (GA-12), Sanford Bishop (GA-02), Tim Bishop (NY-01), Dan Boren (OK-02), Leonard Boswell (IA-03), Bruce Braley (IA-01), Dennis Cardoza (CA-18), Russ Carnahan (MO-03), Ben Chandler (KY-06), Gerry Connolly (VA-11), Jim Cooper (TN-05), Jim Costa (CA-20), Mark Critz (PA-12), Henry Cuellar (TX-28), Peter DeFazio (OR-04), Joe Donnelly (IN-02), Raul Grijalva (AZ-07), Martin Heinrich (NM-01), Brian Higgins (NY-27), Jim Himes (CT-04), Maurice Hinchey (NY-22), Ruben Hinojosa (TX-15), Tim Holden (PA-17), Rush Holt (NJ-12), Jay Inslee (WA-01), Steve Israel (NY-02), Bill Keating (MA-10), Dale Kildee (MI-05), Ron Kind (WI-03), Larry Kissell (NC-08), Rick Larsen (WA-02), David Loebsack (IA-02), Jim Matheson (UT-02), Carolyn McCarthy (NY-04), Mike McIntyre (NC-07), Jerry McNerney (CA-11), Michael Michaud (ME-02), Brad Miller (NC-13), Bill Owens (NY-23), Frank Pallone (NJ-06), Ed Perlmutter (CO-07), Gary Peters (MI-09), Collin Peterson (MN-07), Chellie Pingree (ME-01), David Price (NC-04), Nick Rahall (WV-03), Mike Ross (AR-04), Loretta Sanchez (CA-47), Kurt Schrader (OR-05), Heath Shuler (NC-11), Adam Smith (WA-09), Betty Sutton (OH-13), John Tierney (MA-06), Niki Tsongas (MA-05), Pete Visclosky (IN-01), Tim Walz (MN-01), Anthony Weiner (NY-09), David Wu (OR-01), John Yarmuth (KY-03)
Tax Day Would Get Worse Under Miller’s Democrat Plan for Job-Destroying Taxes North Carolina Democrat’s New Tax Hike Plan Would Raise Taxes Even More Than Previously Thought
Washington — Tax Day could get even worse than it already is if Brad Miller and his fellow Democrats have their way, since they unveiled new plans to raise job-destroying taxes further last week in a speech made by President Obama. To make matters worse, it appears that Miller and his Democrat colleagues would actually raise taxes considerably more than President Obama indicated in his speech, which would especially harm small businesses that are the engine of American economic recovery. Will Brad Miller continue to follow his Democrat leaders down the path of fiscal and economic ruin, or will he change his ways and embrace a pro-growth budget plan that would encourage small business growth for North Carolina families? “Brad Miller and his Democrat colleagues continue to demonstrate that they are completely unwilling to let go of their free-spending policies, even if that means hiking taxes on families and crushing job-creation instead of cutting spending,” said NRCC Communications Director Paul Lindsay. “Regrettably, it comes as no surprise this Tax Day that Miller and his fellow Democrats appear to be raising taxes even more than they led us to believe, particularly burdening small businesses that families in North Carolina are relying on for jobs. Will Miller continue to fuel the Democrat spending spree with $2 trillion in new taxes or will he finally learn his lesson and support a pro-growth budget that forces government to live within its means and encourages private-sector job creation?” President Obama presented the Democrat plan to raise taxes last Wednesday, but the details have since revealed that he intends to actually raise taxes by $2 trillion instead of simply $1 trillion: “In the case of the new White House proposal, its baseline starts with the assumption that the Bush-era tax cuts for higher earners are allowed to expire after 2012. That puts about $1 trillion in revenues into the White House estimate of future tax revenues right off the bat, even before the $1 trillion in new tax revenues that the president now is proposing to raise.” (John D. McKinnon, “Battle of the Baselines,” The Wall Street Journal‘s Washington Wire Blog, 4/15/11)
This also means that the Democrats’ budget plans rely mostly on job-destroying tax increases rather than spending cuts, in contradiction to their talking points
“So of the 3.4 percentage points of savings, more than half — 1.9 points — comes from taxes. That’s 56 percent, not the one-third or one-quarter that Obama was talking about. And I am assuming that Goldman is using the White House’s rosier economic forecasts when evaluating Obama’s plan.” (James Pethokoukis, “Obama’s new plan may actually rely 60 percent on tax increases,” Reuters’ James Pethokoukis Blog, 4/15/11)
And these types of tax increases directly harm small businesses, forcing layoffs and hampering economic recovery. (Jonathan Karl, “Fact Checking the Tax-Cut Debate,” ABC News, 9/8/10)
Miller and his fellow Democrats’ priorities are clear – they will continue to rely on job-destroying tax hikes to fuel their spending spree rather than live within their means and institute true fiscal reform. If Miller gets his way, Tax Day will get much worse for families and small businesses throughout North Carolina.
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