Taxes & Spending
Senate Democrats released their budget blueprint yesterday, and Republicans are noting the fact that the plan calls for $400 billion in new revenue over the next five years – without specifying where that money is going to come from. My advice: Hold on to your wallets! When it comes to taxes and spending, liberals just can’t help themselves, and, conveniently, the Bush tax cuts are set to expire in three years. If those tax cuts are not made permanent, most Americans will be hit with massive tax increases.
Meanwhile, liberals on the other side of Capitol Hill are working overtime to come up with the votes needed to pass their plan for retreat in Iraq. Convinced they were elected to end the war, liberals in the House attached a timetable for retreat to the president’s $95 billion request to fund the war.
But, according to press reports, the leadership couldn’t muster the votes to pass the bill, so now they are larding up the president’s request with totally unrelated pork barrel projects, which now account for more than 20% of the bill’s spending. Many Democrats are uncomfortable with the timetables for retreat, so the House leadership is trying to “buy votes” with $20 billion in pork, like $74 million for peanut storage!
(Gary Bauer: End-of-Day; 3/15/07)