The ‘Democrat Ticking Tax Bomb’ Canard
Monday, July 19, 2010 at 10:10 am
Via Morning Money, Rep. Dave Camp (R-Mich.), the ranking member on the House Ways and Means Committee, is blasting the majority party for the “Democrat tax hike” coming down the pike. Here’s a screen shot of an email his office sent out this morning:
The “Democrat tax hike” will force “every” American to pay higher taxes, the document argues, supplying the following chart as evidence.
But look through Democrats’ budget proposals. Peruse the House’s record for tax bills. By no means are Democrats proposing hiking income tax rates. Taxes are due to rise because the trillion-dollar cuts supported by the Bush administration and originated in a Republican-controlled House in 2001 and 2003 had expiry dates — expiry dates Republicans wrote in. Taxes will rise if Democrats take no action, but they are already planning to keep some, if not all, of the tax cuts for a few years, until the recovery takes stronger hold.
Sorry, the comment form is closed at this time.