.....Democrats in the House and the Senate also recently passed their annual budget resolutions. Their budgets would raise your taxes and raise government spending in Washington. And their budgets fail to address the most serious challenge to our Nation's fiscal health: the unsustainable growth in entitlement programs, like Social Security and Medicare.
Overall, the Democrats would raise taxes by a total of nearly $400 billion over the next five years. To put this in perspective, this would be the largest tax increase in our Nation's history, even larger than the tax increase the Democrats passed the last time they controlled Congress.
Let me explain what it will mean for your annual tax bill if the Democrats get their way. If you have children, the Democrats would raise your taxes by $500 for each child. If you're a family of four making $60,000 a year, the Democrats would raise your taxes by more than $1,800. If you're a single mother with two children working to make ends meet, the Democrats would raise your taxes by more than $1,000. If you are a small business owner working to meet a payroll, the Democrats would raise your taxes by almost $4,000. And more than five million low-income Americans who currently pay no income taxes because of our tax relief would once again have to pay. Whether you have a family, work for a living, own a business, or are simply struggling to get by on a low income, the Democrats want to raise your taxes.
The Democrats plan to spend all those extra tax dollars. In the Senate, Democrats have passed a budget that would spend $145 billion more than I have requested over the next five years. In the House, Democrats have passed a budget that would spend even more -- $213 billion above my request.
http://www.whitehouse.gov/news/releases/2007/03/20070331.html
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