Policy Experts Foresee More Tax Increases Under Dems
July 7, 2008 - 8:32 PM
(CNSNews.com) - As the nation arrives Tuesday at this year's due date for filing and paying income taxes, taxpayer groups argue that taxes are too high, misspent and cumbersome to file.
"For most Americans this is the day we dread, when we see exactly how much money we're sending to Washington, D.C.," Stephen McMillin, deputy director of the administration's Office of Management and Budget, told a press conference in Washington, D.C., on Monday.
"Washington will spend $24,106 per household in 2007," noted Brian Riedl, a senior policy analyst with the Heritage Foundation, speaking at the same event.
"The federal government will collect $21,992 per household in taxes. The remaining $2,114 represents this year's budget deficit per household, which - along with all prior government debt - will be dumped in the laps of our children," he added.
Government spending is likely to grow because, Riedl said, the Democratic leadership "won't cut a single program, yet ignores the coming tsunami of Social Security, Medicare, and Medicaid."
"If you have a family, if you work for a living, own a business, or are simply struggling to get by, the Democrats have a plan to raise your taxes," McMillin asserted.
Grover Norquist, president of Americans for Tax Reform, said that with the change in control of the U.S. House and the Senate early this year, it took just two weeks before the Democratic-controlled House "couldn't hold it in any longer and went out and voted for an $8 billion tax increase."
Norquist said he is "extremely concerned that the progress of the last six years" would be rolled back.
"Every single year the [Bush] administration and Congress actually cut taxes - some of them significant tax cuts, some of them smaller - but every year we were moving in the right direction in taking steps to reduce the total tax burden on the American people," he said.
Norquist predicted that more tax increases would be coming, to fund lawmakers' pet projects, calling the $8 billion a "starter tax increase."
Mark Schmitt, senior fellow at the New America Foundation, argues that taxes must rise.
"The truth is that we are heading down a path toward fiscal crisis that will inevitably require a major increase in revenues," he wrote in a recent column. "Taxes must go up."
"Everyone who looks at the numbers knows that taxes must go up," Schmitt said. "If we do nothing at all, the years 2007 through 2016 will bring deficits of $3.5 trillion outside of the surplus in Social Security.
"To balance the budget under these conditions would require cutting defense spending by 67 percent, Medicare by 54 percent, or every other program by a third, something that no one in politics has shown any willingness to do," he added.
Make media inquiries or request an interview about this article.
Subscribe to the free CNSNews.com daily E-Brief.
E-mail a comment or news tip to Monisha Bansal
Send a Letter to the Editor about this article.