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Monday, October 16, 2006

Want to Increase Taxes and Slow the Economy? Vote Democrat

Did you happen to see this story about the federal deficit that came out last week? The story starts out like this:

The federal budget deficit, helped by a gusher of tax revenues, fell to $247.7 billion in 2006, the smallest amount of red ink in four years.
What's that? A "gusher of tax revenues"? How can that be? Didn't Bush give tax cuts to the rich?

Yep, he sure did, and those tax cuts have spurred the economy, created more jobs, and created more income. Now, even though the rich (and the not-so-rich as well) are being taxed at a lower rate, there is more money to be taxed, and federal revenues are increasing! Amazing, isn't it.

The bad news is that these tax cuts are due to expire by the end of 2010. President Bush is, of course, continuing to urge Congress to make these cuts permanent; however, if Democrats were to take control of the House next month, that will never happen. If Democrats take control of the House, you can bet that at least some of the tax cuts will be rolled back, resulting in a slowing economy, and eventually in job cuts.

If that sounds good to you, vote Democrat.

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