Political Hay
The Coming Democratic Tax Increase
By W. James Antle III
Published 4/3/2007 12:09:01 AM The American Spectator
The Democrats just can’t resist. Whenever they get control of the nation’s pocketbook, they end up exposing their political Achilles’ heel by trying to raise taxes. Just months into their new majorities on Capitol Hill, Nancy Pelosi and Harry Reid are already playing to type.
Last week, House Democrats passed a budget blueprint that would wipe out existing tax cuts while mostly ignoring the rising costs of the alternative minimum tax. With an anticipated take of $400 billion over five years, the result would be a bigger tax increase than Bill Clinton’s in 1993 — the one that helped cost Democrats control of Congress the following year. Click here for link to article
