Phil on Fox News
January 6th, 2007 by Gingrey Press Office
Tune in to Fox News on Sunday, Jan. 7 to hear Phil discuss the opening of the 110th Congress - and why the Democrats aren’t keeping their promises of a more open, honest Congress.
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The Democrats’ plan to raise taxes
January 5th, 2007 by Gingrey Press Office
As we begin the 110th Congress, one of the Democrats’ first acts has been to enact House rules that widely open the door for tax hikes on hardworking Americans. As today’s Wall Street Journal (subscription required) opines:
“Paygo,” as Washington insiders call it, sounds like a fiscally prudent budget practice: If government spends more on program A, it has to spend less money on program B… Ms. Pelosi has something different in mind. Under her paygo plan, new entitlement programs and all new tax cuts would have to be offset by either cutbacks in other entitlement programs or tax increases. This version of paygo is a budget trapdoor, designed not to control expenditures but to make it easier to raise taxes while blocking future tax cuts.
Here’s what the Democrats don’t won’t tell you: tax relief fuels our economy. In fact, in 2006 we witnessed a $318 billion expansion of U.S. economy. And our strong economy has resulted in more revenue: 14.5% revenue growth in 2005 and 11.8% revenue growth in 2006. So far, Republican tax relief has put $880 billion in the hands of American workers and businesses – NOT the federal government coffers.
Many of the Republican-passed tax relief packages are set to expire starting in 2010 – packages like the child tax credit, the marriage penalty relief, and overall lower tax rates. If the Democrats let these tax cuts expire, a family of four making $50K a year would see their taxes go up by $2,092 in 2011 – an increase of 13% (according to the U.S. Treasury). That would amount to a $2.4 trillion tax raise over the next decade.
As the Wall Street Journal advises, “Keep an eye on your wallet.”
Posted in Tax Relief, Economy, Small Business, 11th Congressional District | No Comments »
110th Congress
January 3rd, 2007 by Phil
Tomorrow will mark the beginning of the 110th Congress, a Congress convened under Democrat control. While there are areas where Members from both parties can see eye-to-eye, it is my top priority to ensure the Democrats do not pass legislation to raise taxes on Georgia families, threaten our nation’s security, or put our traditional values at risk. The coming weeks will be telling ones – stay tuned.
WHAH WHAH WHAH............WILLY WHINER
POOR REPUBLICANS