Senate budget resolution: “world’s largest tax increase” for working Americans
Budget Committee Ranking Member Judd Gregg (R-N.H.) says that the Senate will be doing a budget resolution this week, and that it’s apparent from the “two resolutions that passed both the House and the Senate with basically democratic votes” that this resolution will have a massive tax increase. He said the increase for families with 50,000 dollars of income and two children, husband and wife, will represent an almost 2,100 dollar tax increase. He said for 24 million small businesses it will represent a 4,100 dollar tax increase, and for 18 million senior citizens it will represent an over 2,000 dollar tax increase. He said, in addition, for the “first time we will cross the line in one trillion dollars in discretionary spending.” (1:06)
Categories
Related
- Senate Republican leaders pray for Ted Kennedy, and claim that Democrats don’t put the troops first
- Senator Mitch McConnell (R-Ky.): Republicans are trying to reform the economic stimulus bill
- Poverty predicted to rise
- Assistant Secretary for Budget of Department of Veterans Affairs, Rita Reed talks about how the budget will be used with regards to mental health.
- Boehner on President’s budget: It is time for a do-over
Latest Audio
Happening Now - TRNS on Twitter
- @jackrice: U.S. Capitol, 2009 [pic] http://ff.im/-b7yEP -- 1 hour ago
- @jackrice: U.S. House Passes Abortion Amendment to Health Insurance Reform. http://ff.im/-b7uae -- 1 hour ago
- @jackrice: House Erupts in Applause with 218 Votes. http://ff.im/-b7uad -- 1 hour ago
- @jackrice: Will Health Insurance Reform Happen? http://ff.im/-b7uaf -- 1 hour ago
- @jackrice: House Passes Health Insurance Bill. http://ff.im/-b7uac -- 1 hour ago
- @jackrice: House Passes Health Insurance Bill. http://bit.ly/1r7S1d -- 2 hours ago
- @jackrice: House Erupts in Applause with 218 Votes. http://bit.ly/MoW0j -- 3 hours ago
- @jackrice: Will Health Insurance Reform Happen? http://bit.ly/3IZrk9 -- 3 hours ago
- @jackrice: House of Reps is voting on history. For once, voting for health insurance reform is vote for the people. This is about patriotism. -- 4 hours ago
- @jackrice: I'm listening to the soundtrack of Kill Bill, Vol.1. Damn, this thing is great. -- 9 hours ago





