Clinton & Obama Line Up To Support Senate Dems' Budget With "Largest Tax Hike In U.S. History," Hitting Americans Earning As Little As $31,850
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Early This Morning, Senate Dems Passed Their FY 2009 Budget, Which Would Hit Americans With The "Largest Tax Hike In U.S. History":
Sens. Clinton And Obama Voted In Favor Of The Democrats' FY 2009 Budget. "Adoption of the concurrent resolution that would set broad spending and revenue targets over the next five years. The resolution would allow up to $1 trillion in discretionary spending for 2009." (S. Con. Res. 70, CQ Vote #85: Adopted 51-44: R 2-43; D 47-1; I 2-0, 3/14/08, Clinton And Obama Voted Yea)
The Club For Growth's Andrew Roth Notes The Democrats' FY 2009 Budget Would Result In "The Largest Tax Hike In U.S. History." "The Democrats' FY09 budget does not extend the Bush tax cuts. As a result, Americans are set to be hammered with the largest tax hike in U.S. history." (Andrew Roth, "Tax Hike Impact By Congressional District," The Club For Growth's "Club For Growth" Blog, http://www.clubforgrowth.org/2008/03/tax_hike_impact_by_congression.php, 3/12/08)
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Early This Morning, Senate Dems Passed Their FY 2009 Budget, Which Would Hit Americans With The "Largest Tax Hike In U.S. History":
Sens. Clinton And Obama Voted In Favor Of The Democrats' FY 2009 Budget. "Adoption of the concurrent resolution that would set broad spending and revenue targets over the next five years. The resolution would allow up to $1 trillion in discretionary spending for 2009." (S. Con. Res. 70, CQ Vote #85: Adopted 51-44: R 2-43; D 47-1; I 2-0, 3/14/08, Clinton And Obama Voted Yea)
The Club For Growth's Andrew Roth Notes The Democrats' FY 2009 Budget Would Result In "The Largest Tax Hike In U.S. History." "The Democrats' FY09 budget does not extend the Bush tax cuts. As a result, Americans are set to be hammered with the largest tax hike in U.S. history." (Andrew Roth, "Tax Hike Impact By Congressional District," The Club For Growth's "Club For Growth" Blog, http://www.clubforgrowth.org/2008/03/tax_hike_impact_by_congression.php, 3/12/08)
The Las Vegas Review-Journal: "Sen. Conrad's [Budget] Plan Allows Bush's 2001 And 2003 Tax Cuts To Expire In 2010 - Which Amounts To The
Clinton And Obama Claim They Would Provide Tax Relief For The Middle Class, But The Democrats' Budget Would Raise Tax Rates For Americans Earning As Little As $31,850:
The Democrats' Budget Would Raise Taxes On Individuals Earning As Little As $31,850. "Under both Democratic plans, tax rates would increase by 3 percentage points for each of the 25 percent, 28 percent and 33 percent brackets. At present, the 25 percent bracket begins at $31,850 for individuals and $63,700 for married couples. The 35 percent bracket on incomes over $349,700 would jump to 39.6 percent." (Andrew Taylor, "Presidential Hopefuls To Vote On Budget," The Associated Press, 3/13/08)
Sen. Clinton: "I Will Provide Tax Relief For The Middle Class..." (Sen. Hillary Clinton, Remarks On America's Economic Challenges, Knoxville, IA, 11/19/07)
Obama: "I'll Give A Tax Cut To Working People..." (Sen. Barack Obama, Remarks At A Campaign Rally, Denver, CO, 1/30/08)
In The Audacity Of Hope, Obama Defends Keeping Taxes Low For "Ordinary" Families. Obama: "At a time when ordinary families are feeling hit from all sides, the impulse to keep their taxes as low as possible is honorable and right." (Barack Obama, The Audacity Of Hope, 2006, p. 191)
Clinton And Obama Voted Against Numerous Budget Amendments That Provided Tax Relief:
Clinton And Obama Voted Against Extending Certain 2001 And 2003 Tax Cuts, And Providing Death Tax Relief. "Graham, R-S.C., amendment no. 4170 that would adjust the resolution to allow for the extension of certain 2001 and 2003 tax cuts, including the college tuition deduction, as well as the income tax rate structure. It would adjust the resolution to allow the estate tax exemption to be raised to $15 million and the maximum estate tax rate to be set at 35 percent." (S. Con. Res. 70, CQ Vote #43: Rejected 47-52: R 47-2; D 0-48; I 0-2, 3/13/08, Clinton And Obama Voted Nay)
Clinton And Obama Voted Against An Extension Of Recently Expired Tax Credits, Including Credits For Research And Development, Combat Pay, Education And Alternative Energy. "Kyl, R-Ariz., amendment no. 4348 that would adjust the resolution to allow for the extension of recently expired tax credits through fiscal 2009, including those for research and development, combat pay, education and alternative energy." (S. Con. Res. 70, CQ Vote #74: Rejected 49-50: R 48-1; D 1-47; I 0-2, 3/13/08, Clinton And Obama Voted Nay)
Clinton And Obama Voted Against Repealing The 1993 Tax Increase On Social Security Benefits. "Bunning, R-Ky., amendment no. 4192 that would adjust the resolution to allow for the repeal the 1993 tax increase on Social Security benefits, offset by an across-the-board cut in discretionary spending." (S. Con. Res. 70, CQ Vote #52: Rejected 47-53: R 47-2; D 0-49; I 0-2, 3/13/08, Clinton And Obama Voted Nay)
NOTE: Obama's Tax Plan Acknowledges That The 1993 Tax Increase On Social Security Benefits Places Greater Strain On Lower And Middle Income Seniors. "Lower and middle income seniors are struggling as their expenses on health and energy skyrocket while their incomes do not keep pace. This strain has been greater since 1993, when taxes on social security benefits were raised. Millions of seniors saw their net benefits go down." (Obama For America, "Barack Obama: Tax Fairness For The Middle Class," Fact Sheet,
Clinton And Obama Voted Against Repealing The 1993 Alternative Minimum Tax Rate Increases. "Specter, R-Pa., amendment no. 4189 that would adjust the resolution to allow for the repeal of the 1993 alternative minimum tax increases that modified rates from 24 percent to a two-tiered 26 and 28 percent rate structure." (S. Con. Res. 70, CQ Vote #48: Rejected 49-51: R 48-1; D 1-48; I 0-2, 3/13/08, Clinton And Obama Voted Nay)
Clinton And Obama Voted Against Providing For An Income Tax Deduction For Americans Who Have To Purchase Their Own Health Insurance. "DeMint, R-S.C., amendment no. 4339 that would create a deficit-neutral reserve fund to adjust the budget to pay for the impact of any legislation to provide an above-the-line federal income tax deduction for individuals who do not receive health insurance through employers and who purchase insurance." (S. Con. Res. 70, CQ Vote #82: Rejected 45-51: R 45-1; D 0-48; I 0-2, 3/14/08, Clinton And Obama Voted Nay)
Clinton And Obama Voted Against Providing Death Tax Relief For Small Businesses, Family Ranches And Farms By Increasing The Exemption Amount And Lowering The Top Tax Rate. "Kyl, R-Ariz., amendment no. 4191 that would adjust the resolution to allow for a $5 million estate tax exemption for small businesses, family ranches and farms, and allow for a maximum estate tax rate of 35 percent." (S. Con. Res. 70, CQ Vote #50: Rejected 50-50: R 48-1; D 2-47; I 0-2, 3/13/08, Clinton And Obama Voted Nay)
Clinton And Obama Voted Against Providing Death Tax Relief By Increasing The Exemption Amount And Lowering The Top Tax Rate. "Kyl, R-Ariz., that would adjust the resolution to allow for the estate tax rate to be set at 35 percent and the exemption amount at $5 million." (S. Con. Res. 70, CQ Vote #77: Rejected 48-50: R 47-1; D 1-47; I 0-2, 3/13/08, Clinton And Obama Voted Nay)
Clinton And Obama Voted Against Creating A 60-Vote Minimum Requirement For Passing Legislation That Raised Income Tax Rates. "Cornyn, R-Texas, motion to waive the Budget Act with respect to the Conrad, D-N.D., point of order against the Cornyn amendment no. 4242 that would create a 60-vote point of order against any legislation that would raise income tax rates. Note: A three-fifths majority (60) of the total Senate is required to waive the Budget Act. (Subsequently, the chair upheld the point of order, and the amendment fell.)" (S. Con. Res. 70, CQ Vote #61: Motion Rejected 59-39: R 48-0; D 11-37; I 0-2, 3/13/08, Clinton And Obama Voted Nay)
Clinton And Obama Have Received Poor Tax Interest Group Ratings For Their Senate Records:
Americans For Tax Reform Gave Sen. Clinton A Lifetime Rating Of 6.7 Out Of 100. (Americans For Tax Reform Website, http://www.atr.org/national/ratings/2008candidateratings.html, Accessed 1/8/08)
Americans For Tax Reform Gave Obama A Lifetime Rating Of 7.5 Out Of 100. (Americans For Tax Reform Website, http://www.atr.org/national/ratings/2008candidateratings.html, Accessed 1/8/08)
The National Taxpayers Union Gave Sen. Clinton A Grade Of "F" For Her Fiscal Voting Record, For Her Score Of 17 Out Of 100. (National Taxpayers Union Website, http://www.ntu.org/main/page.php?PageID=97, Accessed 1/8/08)
The National Taxpayers Union Gave Obama A Grade Of "F" For His Fiscal Voting Record, For His Score Of 16 Out Of 100. (National Taxpayers Union Website, http://www.ntu.org/main/page.php?PageID=97, Accessed 1/8/08)
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