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Unfortunately, We Knew This Was Coming

The fact that this was predictable does not make it any easier to swallow:

The bill set to reach the House floor today (resembling the Senate version) would raise taxes an average of $1,795 on 115 million taxpayers in 2011. Some 26 million small-business owners would pay an average of $3,960 more. The decreased number of Americans subject to income taxes would all pay higher taxes, and 5 million low-income Americans would be returned to the rolls.

It just flabbergasts me that anyone can make the case that the feds don't have enough money, and that there are no spending cuts to be found.

Posted on March 29, 2007 at 10:56 PM | Permalink

Comments

The socialist state has an unending appetite. We don't need no stinkin' cuts. There are grand, glorious works to be done! Rejoice, comrade!

Posted by: Bob Smith | Mar 29, 2007 11:54:49 PM

Reminds me of the joke about the new simplified tax form.


Simplified Tax Form
1. Take all of your money.
2. Send it to us.

Posted by: Jim Collins | Mar 30, 2007 5:20:12 AM

Jim- Actually, I remember that joke from when Reagan was suggesting that taxes should be simplified so that the average person only had to fill out a 3x5 card. The Democrats were ridiculing this idea, with the press piling on of course. That was when I got a 3x5 card from some anti-tax group that they called "Democrats Simplified Tax Form" and included two lines: "1. How much did you earn?" and "2. Mail it in." with the address of the IRS.

BTW, that was also the year when I, in fact, did do my income taxes on a postcard. I kept one of those cards all these years to remind me (and others) how easy it really could be. It was PA state taxes and I was a student at Penn, so my financial situation was uncomfortably simple.

Posted by: M. Hodak | Mar 30, 2007 1:09:59 PM

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