Democrats Wage Political War For Tax Increases to Feed Their Spending Addiction and 700,000 Jobs are the Casualties
WASHINGTON — Washington Democrats have proposed their fiscal plan – to attack job creators with new tax hikes to fuel their massive government spending addiction. As Democrat leaders champion devastating tax hikes in order to grow the government even more, will Ann Kirkpatrick join their cause?
“Democrats are so addicted to spending that they’re doubling down on sky high tax increases on small businesses that could send the economy spiraling further into financial decline,” said NRCC Communications Director Paul Lindsay. “Will Ann Kirkpatrick stand up against her party’s political ploys and demand that tax hikes for small businesses be taken off the table?”
A newly-released Ernest & Young report exposed that Democrats’ proposed tax hikes will devastate the economy and cost more than 700,000 jobs. (Robert Carroll & Gerald Prante, “Long-run macroeconomic impact of increasing tax rates on high-income taxpayers in 2013,” Ernst & Young LLP, 7/17/2012)
But Senate Democrat Leader Patty Murray refuses to give up her party’s addiction to limitless spending sprees and government takeovers in favor of economic stability:
“’If we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013,’ Murray plans to say, according to excerpts of the speech provided to The Washington Post.” (Lori Montgomery, “Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes,” Washington Post, 7/15/2012)
According to the CBO, if Washington Democrats were successful in pushing America over a fiscal cliff, the economy could fall into a recession as early as next year:
“A stalemate over how to tackle a series of fiscal deadlines at year’s end would likely push the United States economy into recession in the first half of next year, the Congressional Budget Office warned on Tuesday. A wave of U.S. tax hikes and automatic spending cuts – dubbed the “fiscal cliff” – are set to take effect in January unless Congress and the White House agree on ways to delay or revise at least some of them.” (“’Fiscal cliff’ could cause U.S. recession: CBO,” Reuters, 5/23/2012)