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Budget and Taxes Do you feel that raising taxes will help solve the debt of the United States? Are you a fan of Reaganomics?

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Old 05-17-2007, 03:01 PM   #1 (permalink)
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Democrats push for votes on Budget Plan

Democrats push for vote on budget plan - Yahoo! News

Quote:
WASHINGTON - Democrats pushed toward House and Senate votes Thursday on a budget plan that promises big spending increases for education and health care and a federal surplus in five years by allowing many of President Bush's tax cuts to expire.


The $2.9 trillion measure is nonbinding but sets parameters for later tax and spending legislation — and could set up a veto clash with President Bush over planned increases for domestic programs such as education, community development grants, veterans' medical care and health insurance for children of the working poor.

Democrats hailed the plan for putting the government in the black by 2012 — after steady deficits dating to 2002 — while reversing Bush's clampdown on domestic agency budgets passed by Congress each year.

But Republicans criticized the Democratic plan as a big tax hike since it manages to predict a small $41 billion surplus in 2012 by assuming that tax cuts on income, stock dividends and capital gains expire as scheduled at the end of 2010.
I don't know...we need to have areas of social concern to our nation like education and health care, long neglected, be put back as priorities in order to stop the slide in rankings the US is doing with the world on standard of living.

As to taxes, I think it's time corporations paid their fair share...
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