Democrats support working families

According to this .pdf put out by the Republican staff of the Budget Committee, The Democrats plan on increasing taxes across the board, reducing the child tax credit, bringing back the marriage penalty tax, increase the taxes on investments. Remember they said that they were only going to tax the rich. Guess who they think are rich.

The Largest Tax Increase in History. The revenue numbers in the Democrat budget increase taxes by $392.5 billion over 5 years, compared with retaining provisions of the 2001 and 2003 tax laws that are currently in place. Taxes increase by $231 billion in 2012 alone, which is even greater than the $153-billion surplus the budget claims.

Tax Increase 5-Year

Total

Increase in Marginal Rates . . . . . . . . . . . . . . . . . . . . . . . $182 billion  

Reduction of Child Tax Credit . . . . . . . . . . . . . . . . . . . . . $27 billion

Increase in Marriage Penalty . . . . . . . . . . . . . . . . . . .  . . $13 billion

Increase in Death Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $91 billion  

Increase in Capital Gains and Dividends Tax Rates. . . . $32.5 billion

Other Tax Increases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $47 billion  

So I guess the Democrats support the working family just like they support the troops.

Category: Politics