LET’S RAISE THEIR TAXES…!

LET’S RAISE THEIR TAXES…!

Democrats in Congress are going to allow the Bush tax cuts of 2001 and 2003 to expire, resulting in what the Wall Street Journal called “the biggest tax increase in our nation’s history”.

Once these tax cuts are allowed to expire, taxpayers will face an estimated total of almost $2.4 trillion in additional taxes.

That means about 17 million seniors will face an estimated average tax increase of $2,034 each.

When these tax cuts are allowed to expire:
· The Marriage Penalty will be reinstated, costing married couples almost $1,500 per year on average.
· 26 million small business owners will face an average tax increase of $3,637.
· And, the Death Tax will return to its former high rate, which has been a leading cause of the demise of small businesses. This will cost American families an estimated $91 billion.

President Obama wants to raise tax rates on dividends and capital gains, causing stocks to lose an estimated additional $90-billion-plus in value.

And then if Congress passes it’s “cap-and-trade” energy plan into law, the cost to each American household will average about $4,6093 per year in higher taxes and energy prices, appearing on your electric bill, gas bill, water bill, phone bill, and at the gasoline pumps.

Americans already pay, on average, an estimated 35 to 40 percent of their earnings each year in federal taxes. We are simply taxed out the wahzoo.

How much more “hope and change” can American families afford?