Wednesday, August 30, 2006

Dems seek to raise fed taxes by 58%

At Power Line, the talk with Senator Frist yielded this nugget:
The Majority Leader also made a point on taxes that surprised nearly all of his listeners. If you take a family of four, with an average American income of $64,000 per year, and assume that the Democrats regain control of either the House or the Senate and block the extension of the Bush tax cuts, as they are committed to doing, what would be the impact on that average family? A federal tax increase of 58%. That's what the Democratic Party stands for.

I guess the average American family of four is what the Dems think of as rich. Which makes one wonder what they think of the huge bundles of cash raked in by Bill and Hillary's brothers selling Bill's pardons.


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