nevadamedic
05-17-2007, 08:10 PM
May 17, 2007
Washington, D.C. – Senator John Ensign expressed disappointment today after the Senate passed the Democrats’ tax and spend budget that includes the largest tax hike in American history and ignores their campaign promises of open government and fiscal discipline. Tax relief passed by the Republicans in 2003, which has contributed to the strong economic growth and prosperity in America, will expire under their plan.
“Policies that let Americans keep more of their hard-earned dollars and simultaneously reduced the deficit are being eliminated,” said Ensign. “In the state of Nevada, hardworking individuals and families will be harmed by the Democrats failure to extend the sales tax deduction. This enormous budget, which was largely crafted behind closed doors, will negatively impact millions of hard-working taxpayers and pass a tremendous debt to future generations. This budget is clearly a step backwards for American taxpayers.”
Tax relief passed in 2003 has helped create more than 7.9 million new jobs and has helped reduce the federal deficit by half, three years before estimates, because of increased tax revenue. Letting these tax cuts expire will result in a $736 billion tax increase in the next five years, three times the largest ever in United States history. Also, this budget makes nearly no attempt to protect future generations from the $69 trillion obligation of long-term entitlement spending facing America.
“The Democrats pledged an open, honest government and fiscal restraint during the last elections. Clearly this was empty rhetoric,” said Ensign. “Democrats have resorted to tax and spend policies behind closed doors, and they must be held accountable for this hypocrisy. This budget ignores the best interest of taxpayers and our country.”
This budget jeopardizes the extension of the Marriage Penalty Tax Relief and Child Tax Credit, and it does not fund an extension of the sales tax deduction. This tax relief has saved thousands of Nevadan families thousands of dollars.
Go Figure.
Washington, D.C. – Senator John Ensign expressed disappointment today after the Senate passed the Democrats’ tax and spend budget that includes the largest tax hike in American history and ignores their campaign promises of open government and fiscal discipline. Tax relief passed by the Republicans in 2003, which has contributed to the strong economic growth and prosperity in America, will expire under their plan.
“Policies that let Americans keep more of their hard-earned dollars and simultaneously reduced the deficit are being eliminated,” said Ensign. “In the state of Nevada, hardworking individuals and families will be harmed by the Democrats failure to extend the sales tax deduction. This enormous budget, which was largely crafted behind closed doors, will negatively impact millions of hard-working taxpayers and pass a tremendous debt to future generations. This budget is clearly a step backwards for American taxpayers.”
Tax relief passed in 2003 has helped create more than 7.9 million new jobs and has helped reduce the federal deficit by half, three years before estimates, because of increased tax revenue. Letting these tax cuts expire will result in a $736 billion tax increase in the next five years, three times the largest ever in United States history. Also, this budget makes nearly no attempt to protect future generations from the $69 trillion obligation of long-term entitlement spending facing America.
“The Democrats pledged an open, honest government and fiscal restraint during the last elections. Clearly this was empty rhetoric,” said Ensign. “Democrats have resorted to tax and spend policies behind closed doors, and they must be held accountable for this hypocrisy. This budget ignores the best interest of taxpayers and our country.”
This budget jeopardizes the extension of the Marriage Penalty Tax Relief and Child Tax Credit, and it does not fund an extension of the sales tax deduction. This tax relief has saved thousands of Nevadan families thousands of dollars.
Go Figure.