The House Democrats showed their true colors yesterday. They proposed a budget that includes the largest tax increase in history, and have proven that they would like nothing better than to return to the tax and spend model of government.
Their plan is a reckless proposal that would spend $24 billion more than President Bush requested—all without substantially addressing the spiraling costs of Medicare, Medicaid and Social Security. This massive spending spree means they can no longer hide behind rhetoric about fiscal responsibility.
The Democrat budget kills tax cuts for 936,000 North Carolina married couples who—if the Democrat budget is approved—would see their taxes go up, as well as 837,000 married couples and single parents who face a major reduction in the child tax credit under the Democratic budget plan.
This budget signals the Democrat’s failure to follow through on their pledges of fiscal responsibility. It raises the taxes of tens of millions of Americans while refusing to rein in federal spending.