Family Research Council: As bad as paying your debt to Uncle Sam might have been this year, brace yourself for an even more taxing future. The budget that Democrats are currently debating in Congress would mean a large tax increase over the next few years, largely because nothing has been done to make the existing tax cuts, signed by President Bush, permanent. Since the Democrats are willfully allowing the cuts to expire, the Joint Committee on Taxation notes that the marginal income tax rates will rise, meaning that everyone--rich and poor--will shoulder a bigger tax burden in the coming years. By 2011 the marriage penalty will return, the child tax credit will decrease from $1,000 to $500, and the death tax (by which the IRS manages to tax you even after you die) will return with full force. The average tax increase would work out to over $3,000 per person. Unless you enjoyed looking at the "federal income tax withheld" and "amount you owe" lines on your income tax forms, then I would encourage you to contact your senators and representative and let them know before they increase your taxes--again. Take Action Now Contact your elected officialsSee Also: Congress busy with Easter junkets - your taxes being spent!
Tags: Democrats, FRC, increased taxes, taxes
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