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Democrats pass largest tax increase in American history

TallahasseeWith one month to go until the tax filing deadline, you may not have received your return or even filed your 2007 taxes. The Democrat-led United States Congress, though, has already voted to increase your taxes for next year. Yesterday, the Democrat-led United States Senate passed the biggest tax increase in history by passing a 2009 budget that fails to extend President Bush’s tax cuts and includes $1 trillion dollars in discretionary spending.

“People in Florida and across the nation are increasingly concerned about the economy, and they want our leaders to take a new direction when it comes to the economy that doesn’t leave the middle class behind,” noted Republican Party of Florida Chairman Jim Greer. “But U.S. Senator Bill Nelson isn’t listening to Florida voters—instead, he is up in Washington, joining Senators Clinton and Obama to vote for every tax increase in sight,” said Republican Party of Florida Chairman Jim Greer.

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 Blog, www.clubforgrowth.org).

Bill Nelson Joined Clinton and Obama to 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)

Clinton, Obama and Nelson 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, Obama and Nelson Voted Nay)

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