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  • Republican National Committee Release - 03 22 2007 Research

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    The document discusses the Democrat budget proposals in the House and Senate, which both endorse allowing the Bush tax cuts to expire in 2010-2011, resulting in the largest tax increase in U.S. history estimated at $900 billion. Senate Democrats passed an amendment to reduce the tax increase amount by $180 billion. Republicans offered amendments to extend various tax cuts, but Democrats unanimously voted them down. The House proposal also assumes the Bush tax cuts expire, resulting in a $900 billion tax hike.

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    Dispatches from the Republican National Committee

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    republican national committee release - 03 22 2007 Research

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    The document discusses the Democrat budget proposals in the House and Senate, which both endorse allowing the Bush tax cuts to expire in 2010-2011, resulting in the largest tax increase in U.S. history estimated at $900 billion. Senate Democrats passed an amendment to reduce the tax increase amount by $180 billion. Republicans offered amendments to extend various tax cuts, but Democrats unanimously voted them down. The House proposal also assumes the Bush tax cuts expire, resulting in a $900 billion tax hike.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    30 views1 page

    Republican National Committee Release - 03 22 2007 Research

    Uploaded by

    politix
    The document discusses the Democrat budget proposals in the House and Senate, which both endorse allowing the Bush tax cuts to expire in 2010-2011, resulting in the largest tax increase in U.S. history estimated at $900 billion. Senate Democrats passed an amendment to reduce the tax increase amount by $180 billion. Republicans offered amendments to extend various tax cuts, but Democrats unanimously voted them down. The House proposal also assumes the Bush tax cuts expire, resulting in a $900 billion tax hike.

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    March 22, 2007

    DEMS ASK: “WHAT IS IN YOUR WALLET?”


    The Dem House And Senate Budget Proposals Both Endorse
    The Largest Tax Increase In U.S. History
    ________________________________________________________________

    Despite Democrat Tax Patch, The Dem Budget Proposal Still Allows For Largest Tax Increase In U.S. History:
    Senate Budget Chairman Kent Conrad’s Budget Assumes “[T]hat The President’s Tax Cuts From 2001 And 2003 Will
    Expire In 2011...” (Emily Pierce, “Budget Debate Rests On Fate Of Bush’s Tax Cuts,” Roll Call, 3/20/07)
    • Citizens Against Government Waste: “Allowing The Tax Cuts To Expire Will Create The Biggest Tax Increase
    In History: $900 Billion.” (Citizens Against Government Waste Website, “CAGW Condemns Senate Democrats’ Budget,” Press
    Release, www.cagw.org, 3/15/07)

    Democrat Amendment Subtracts Only $180 Billion From The $900 Billion Tax Hike. “Moderate Democrats favoring tax
    cuts have forced a rewrite of the plan, pushing through an amendment Wednesday that would … devote $180 billion in 2011-
    12 to preserve tax cuts aimed at the middle class.” (Andrew Taylor, “Senate Democrats Rewrite Budget Plan,” The Associated Press, 3/22/07)
    Senator Jon Kyl (R-AZ): “If the Baucus amendment is adopted, then Democrats will be proposing to raise taxes on hard-
    working Americans by $736 billion over 5 years, rather than the $916 billion, still the biggest tax increase ever.” (Sen. Jon Kyl,
    Congressional Record, 3/21/07, p. S3492)

    Republicans Offered Amendments To Help American Taxpayers, But Were Shot Down By Dem Majority:
    Democrat Senators Unanimously Voted Against Extending The College Tuition Tax Deduction. (S.Con.Res.21 Amdt.No.507,
    CQ Vote #83: Rejected: 47-51: R 47-2; D 0-47; I 0-2, 3/21/07)

    Democrat Senators Unanimously Voted Against Extending Provisions Of The Student Loan Interest Deduction.
    (S.Con.Res.21 Amdt.No.507, CQ Vote #83: Rejected: 47-51: R 47-2; D 0-47; I 0-2, 3/21/07)

    Democrat Senators Unanimously Voted Against The Permanent Extension Of Capital Gains And Dividends Tax Relief.
    (S.Con.Res.21 Amdt.No.507, CQ Vote #83: Rejected: 47-51: R 47-2; D 0-47; I 0-2, 3/21/07)

    Democrat Senators Unanimously Voted Against Protecting Senior Citizens From Higher Taxes On Their Retirement
    Income. (S.Con.Res.21 Amdt.No.507, CQ Vote #83: Rejected: 47-51: R 47-2; D 0-47; I 0-2, 3/21/07)
    Democrat Senators Unanimously Voted Against An Amendment To Facilitate The Extension Of The 2001 And 2003 Tax
    Cuts. (S.Con.Res.21 Amdt.No.466, CQ Vote #85: Rejected: 46-52: R 46-3; D 0-47; I 0-2, 3/21/07)
    Dems In The House Are Still Backing A Budget To Increase Taxes By More Than $900 Billion:
    The Democrat’s Budget Plan In The House “[A]ssumes Bush's Tax Cuts Indeed Disappear…” (Andrew Taylor, “Senate
    Democrats Rewrite Budget Plan,” The Associated Press, 3/22/07)

    • House Proposal Would Implement $900 Billion Tax Hike. “Unlike the Bush proposal, both Democratic plans also
    rely on revenue from the expiration of the 2001 and 2003 tax cuts in 2010.” (Steven T. Dennis, “Senate, House Budget Plans
    Similar,” CQ Today, 3/20/07)

    Paid for by the Republican National Committee. Not authorized by any candidate or candidate’s committee.
    310 First Street SE, Washington, D.C. 20003

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