Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Wednesday, 09.17.2014
Classifieds
News Archive
Su Mo Tu We Th Fr Sa
 1  2  3
 4  5  6  7  8  9  10
 11  12  13  14  15  16  17
 18  19  20  21  22  23  24
 25  26  27  28  29  30  31
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local




Members Of



Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Mar 27,2007
Blunt: Largest tax hike in American history will hit parents, families
by Bend Weekly News Sources

WASHINGTON - Republican Whip Roy Blunt (Mo.) asked House Democrats today to defend their decision to use the upcoming budget resolution to raise taxes on millions of American families by reinstating the marriage penalty and slashing the amount available to families through the child tax credit:

"The absolute last thing American families need this year -- or any other -- is a stiffer, more punitive tax bill. But under the Democrats' budget proposal, hard-working families who could be using their money for family dinners, new school clothes, after-school tutoring, piano lessons -- anything but more taxes -- will be forced to send thousands more to Washington each year on top of what they already pay."

The Democrats' budget resolution would eliminate relief for married individuals by reversing the current policy of giving married couples a standard deduction for joint returns twice the amount of that for single returns. This will also push married couples into a higher bracket than if they were not married and filing as individuals.

The budget also seeks to cut the widely supported child tax credit -- from its current level of $1,000 per dependent, to just $500. The impact of such a move would fall disproportionately on low-income families, raising taxes on 31 million Americans with 49 million children by an average of $859 per year.

"I think the Democratic budget speaks to a fundamental difference between our side and the majority: We believe American families know best how to spend the money they earn, while Democrats believe government bureaucrats are better suited for the job. And it's a distinction the budget debate on the floor this week will highlight in sharp detail."

The Democrats' budget, slated for a vote on the House floor on Thursday, will impose the largest tax increase in American history -- nearly $400 billion over five years. Eliminating relief from the marriage tax penalty will raise taxes on 23 million Americans. Cutting the child tax credit will raise taxes on 31 million Americans.
1918 times read

Related news
Obama budget is too heavy on taxes, spending by The Detroit News posted on Mar 04,2009

Money and You: Taking some extra credit by Carrie_Schwab_Pomerantz posted on Apr 04,2008

The Frankenstein tax by the St. Louis Post-Dispatch posted on Dec 14,2007

Obama restates tax reform efforts by UPI posted on Apr 15,2009

DeFazio: President mislead Americans about Iraq situation by Bend Weekly News Sources posted on Jan 26,2007

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 14 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County
Fairgrounds

Tower Theatre
Tower Theatre

The High Desert Museum

Advertisements



Deschutes County

Google  
  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
Advertisement
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?