Republican National Committee Release - 03 22 2007 Research

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March 22, 2007

DEMS ASK: “WHAT IS IN YOUR WALLET?” The Dem House And Senate Budget Proposals Both Endorse The Largest Tax Increase In U.S. History ________________________________________________________________

Despite Democrat Tax Patch, The Dem Budget Proposal Still Allows For Largest Tax Increase In U.S. History: Senate Budget Chairman Kent Conrad’s Budget Assumes “[T]hat The President’s Tax Cuts From 2001 And 2003 Will Expire In 2011...” (Emily Pierce, “Budget Debate Rests On Fate Of Bush’s Tax Cuts,” Roll Call, 3/20/07) •

Citizens Against Government Waste: “Allowing The Tax Cuts To Expire Will Create The Biggest Tax Increase In History: $900 Billion.” (Citizens Against Government Waste Website, “CAGW Condemns Senate Democrats’ Budget,” Press Release, www.cagw.org, 3/15/07)

Democrat Amendment Subtracts Only $180 Billion From The $900 Billion Tax Hike. “Moderate Democrats favoring tax cuts have forced a rewrite of the plan, pushing through an amendment Wednesday that would … devote $180 billion in 201112 to preserve tax cuts aimed at the middle class.” (Andrew Taylor, “Senate Democrats Rewrite Budget Plan,” The Associated Press, 3/22/07) Senator Jon Kyl (R-AZ): “If the Baucus amendment is adopted, then Democrats will be proposing to raise taxes on hardworking Americans by $736 billion over 5 years, rather than the $916 billion, still the biggest tax increase ever.” (Sen. Jon Kyl, Congressional Record, 3/21/07, p. S3492)

Republicans Offered Amendments To Help American Taxpayers, But Were Shot Down By Dem Majority: Democrat Senators Unanimously Voted Against Extending The College Tuition Tax Deduction. (S.Con.Res.21 Amdt.No.507, CQ Vote #83: Rejected: 47-51: R 47-2; D 0-47; I 0-2, 3/21/07)

Democrat Senators Unanimously Voted Against Extending Provisions Of The Student Loan Interest Deduction. (S.Con.Res.21 Amdt.No.507, CQ Vote #83: Rejected: 47-51: R 47-2; D 0-47; I 0-2, 3/21/07)

Democrat Senators Unanimously Voted Against The Permanent Extension Of Capital Gains And Dividends Tax Relief. (S.Con.Res.21 Amdt.No.507, CQ Vote #83: Rejected: 47-51: R 47-2; D 0-47; I 0-2, 3/21/07)

Democrat Senators Unanimously Voted Against Protecting Senior Citizens From Higher Taxes On Their Retirement Income. (S.Con.Res.21 Amdt.No.507, CQ Vote #83: Rejected: 47-51: R 47-2; D 0-47; I 0-2, 3/21/07) Democrat Senators Unanimously Voted Against An Amendment To Facilitate The Extension Of The 2001 And 2003 Tax Cuts. (S.Con.Res.21 Amdt.No.466, CQ Vote #85: Rejected: 46-52: R 46-3; D 0-47; I 0-2, 3/21/07) Dems In The House Are Still Backing A Budget To Increase Taxes By More Than $900 Billion: The Democrat’s Budget Plan In The House “[A]ssumes Bush's Tax Cuts Indeed Disappear…” (Andrew Taylor, “Senate Democrats Rewrite Budget Plan,” The Associated Press, 3/22/07)



House Proposal Would Implement $900 Billion Tax Hike. “Unlike the Bush proposal, both Democratic plans also rely on revenue from the expiration of the 2001 and 2003 tax cuts in 2010.” (Steven T. Dennis, “Senate, House Budget Plans Similar,” CQ Today, 3/20/07)

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