As you might have expected:
...Following the example set by their Senate brethren last Friday, House Democrats will adopt a budget resolution containing the largest tax increase in U.S. history amid massive national inattention.
Nobody's tax payment will increase immediately, but the budget resolutions set a pattern for years ahead. The House version would increase non-defense, non-emergency spending by $22.5 billion for next fiscal year, with such spending to rise 2.4 percent in each of the next three years. To pay for these increases, the resolution would raise taxes by close to $400 billion over five years -- about $100 billion more than what was passed in the Senate.
It had been assumed that the new Democratic majority would end President Bush's relief in capital gains, dividend and estate taxation. The simultaneous rollback of Bush-sponsored income tax cuts was a surprise.
Robert Novak, quoted in Captain's Quarters.
The pitchfork-and-tar/feather assembly could start in Madison in June, and simply move on to Washington DC in July (assuming that the Madistan Democrats have been properly....ah....persuaded. That's it--persuaded!)
Why not? You've nothing to lose except for your disposable income for the foreseeable future.
Fraley's Daily has a challenge for Darth, Risser & Co. (and Obey, Feingold):
Back when the Sheriff of Nottingham personally went to the village and took a goat from the serf as tribute to the Throne, at least he had to dodge the occasional arrow from Robin Hood or risk being tarred and feathered. These days, tax increasers rely on an employer’s payroll department, or the store cashier, or assorted bureaucrats to do their bidding. Tax increases are cowardly.
And as we know, the King of Cowardly was FDR, who invented the withholding tax scheme. Somehow, I'd enjoy having Freddy Risser dodder around the neighborhood, attempting to grab assets. It'd be even more fun if he were joined by Dave Obey, who still has the capability to raise his voice, unlike Risser.
Subscribe to:
Post Comments (Atom)
1 comment:
Before long, we'll no longer recieve a paycheck. We'll just get a stub telling us what we made, and what our allowance is. Just another reason I'll never vote for a Democrat.
Post a Comment