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Dems Launch Push for Job-Crushing Tax Hikes, Volume XXVI

Posted: November 1, 2013 at 3:45 pm   /   by

As budget talks get underway today, Congressional Democrats are wasting no time in launching another push for tax hikes that will hurt the economy and make it harder to create jobs.  As The Hill recently reported, “Congressional Democrats want Republicans to sign off on $50 billion worth of tax increases to eliminate the sequester’s automatic spending cuts,” saying “they would not accept any budget deal unless it includes tens of billions in new tax revenue.”  Sound familiar?  It should:

  • “Exclusive: Democrats push tax hikes first in deficit talks” (Reuters, 9/30/11)
  • “Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes” (Washington Post, 7/15/12)
  • “Dems look for up to $1T in new revenues” (The Hill, 1/7/13)
  • “As new fiscal crises near, Democrats seek more tax increases” (McClatchy, 1/9/13)

Confirming Democrats’ tax hike obsession is back again, Senate Majority Leader Harry Reid (D-NV) – who made the outrageous claim last week that “everybody” wants to “pay more” in taxes – said yesterday “he won’t support any attempt” to replace sequester spending cuts with a plan that “fails to include new revenues,” the Associated Press reports.  And today, House Minority Leader Nancy Pelosi (D-CA) told reporters “revenue needs to be on the table” in budget talks, adding “our position is the Senate Democratic position.”

At the same time that the president’s health care law is cutting hours and making it harder for small businesses to hire, the last thing our economy needs is another Democratic push for more tax hikes.  Republicans agree that the sequester is the wrong way to cut spending, and have twice voted to replace it with smarter spending cuts and reforms.  Democrats ought to use these reforms as a starting point for negotiations, rather than pushing for more tax hikes that, coupled with the president’s train wreck of a health care law, will make it even harder to put Americans back to work.

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Dems Launch Push for Job-Crushing Tax Hikes, Volume XXVI