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Monday, October 30, 2006

If the Democrats Win the US House There Will Be a Tax Increase. Guaranteed.

With the Democrats will come tax increases. That's right, there will be nothing the President, Senate or anyone else can do to stop a tax increase if the Democrats win. Why? Because the tax cuts the President had passed has to be reapproved by the new Congress. The new Speaker of the House in a Democrat controlled Congress, Nancy Pelosi (D-CA) has made it perfectly clear that she and the new Ways and Means Chairman (Charles Rangel, D-NY) will not allow any of those cuts to stand for reapproval. Without Congressional action, the tax cuts will expire, which will equal a tax increase for all practical purposes. As the President has been telling us, they are not permanent. With the Democrats, they are history. Pelosi and Rangel have both declared that they can't think of a single tax cut worth keeping on the books.

The only way to avoid an inevitable tax increase is to elect a Republican House and Senate. Period. Otherwise, kiss your hard earned money goodbye. I believe the knowledge of such is among the reasons we are seeing a turn around for the GOP.


1 Comments:

Anonymous Anonymous said...

Hello from a krazy blogger down under in New Zealand. I was searching the blog world when your blog popped up. I had a quick look including your first post.
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I suppose just offering a good mix.
As for whoever wins in the USA ??? I would say a tax increase would be the first thing on their minds, who ever wins - even if they it isn't.
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Key in - kray kelvin
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10:56 PM  

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