While our economy suffers through a recession caused largely by declining real estate values, and rising gasoline prices, Democrats seem to be doing everything in their power to add to the economic burdens of middle class Americans. In what can be considered one of the greatest accomplishments in propaganda advertising, Democrats have managed to raise taxes on poor and middle class families without anyone raising an eyebrow. The reason for this success is because Democrats have managed to convince the American people that the Bush tax cuts were only for the rich, therefore any repeal of those tax cuts would only affect the rich. As I have written many times in the past, this is completely untrue.

Rep. Eric Cantor outlines the recently approved Democrat budget and its affect on Americans come 2010:

• Raises the current “10 percent tax bracket” to 15 percent. This would increase the burden on all American taxpayers, especially the lowest income earners.
• Reinstates the marriage penalty. Approximately 23 million married couples would be affected.
• Slashes the $1,000 per-child tax credit in half.
• Increases the tax on dividends, which often supplement the income of senior citizens relying on Social Security.

Many media outlets are failing to report this as a tax increase because the budget itself does not have any stipulations in it which would increase taxes. Instead what Democrats have done is assumed the expiration of the Bush tax cuts and spent the anticipated revenue from those higher taxes on new projects. This will allow them to argue next year that the tax cuts must be allowed to expire in order to avoid an increasing deficit.

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Congress, Dumb Dems, Features, Politics, Taxes