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Unfortunately, We Knew This Was Coming

March 29, 2007, 10:56 pm

The fact that this was predictable does not make it any easier to swallow:

The bill set to reach the House floor today (resembling the Senate
version) would raise taxes an average of $1,795 on 115 million
taxpayers in 2011. Some 26 million small-business owners would pay an
average of $3,960 more. The decreased number of Americans subject to
income taxes would all pay higher taxes, and 5 million low-income
Americans would be returned to the rolls.

It just flabbergasts me that anyone can make the case that the feds don't have enough money, and that there are no spending cuts to be found.

Category: Taxes
  • Bob Smith

    The socialist state has an unending appetite. We don't need no stinkin' cuts. There are grand, glorious works to be done! Rejoice, comrade!

  • Jim Collins

    Reminds me of the joke about the new simplified tax form.

    Simplified Tax Form
    1. Take all of your money.
    2. Send it to us.

  • http://www.hodakvalue.com/blog M. Hodak

    Jim- Actually, I remember that joke from when Reagan was suggesting that taxes should be simplified so that the average person only had to fill out a 3x5 card. The Democrats were ridiculing this idea, with the press piling on of course. That was when I got a 3x5 card from some anti-tax group that they called "Democrats Simplified Tax Form" and included two lines: "1. How much did you earn?" and "2. Mail it in." with the address of the IRS.

    BTW, that was also the year when I, in fact, did do my income taxes on a postcard. I kept one of those cards all these years to remind me (and others) how easy it really could be. It was PA state taxes and I was a student at Penn, so my financial situation was uncomfortably simple.