I admit to being a bit late on this article. I should have had it up a few days ago, and was just too busy working on saving every penny I could so I could get rich and avoid paying taxes to even have the time to write it.
I answered (left a comment on another blog) an article earlier that talked about what will happen if the Democrats get control of the Congress, but I'm gonna expand the thought a little here. You could also consider this a belated answer to someone that made the bogus claim that the GOP will raise taxes.
Nothing is further from the truth on the tax front than claims that the GOP will raise taxes. The GOP continues to be the party of tax-cutting, and that trend shows no signs of stopping.
Admittedly, the GOP has also been the party (in recent US history) that has let spending spiral to what some believe are unnecessary levels, and the GOP has been the party that hasn't shown the fiscal restraint that they used to show. That is true, but at the same time those facts ignore the truth in the idea that our government continues to have needs, and emergencies and disasters that happened, and also the continued needs of our population in general.
Along the way though, as I've noted in prior articles, the GOP and the so-called Bush tax-cuts have had our economy on a roll. We continue to bring in more revenue than expected, and we are narrowing the budget deficits without having raised taxes, and in fact, BECAUSE we had cut taxes, rather than raising them.
The Bush tax-cuts, along with a bit more fiscal restraint, have put more people to work, and have put more revenue into the government's hands than at any time in history. The revenue is there for our needs, assuming we tighten the purse strings a bit and keep the budget levels where they have been rather than just blindly increasing the spending levels because of cost of living increases or other inflationary increases.
Anyway, as some folks (myself included, along with Dr. Guy, drmiler, and others) have said the one thing that is certain is that Democrats will raise your taxes. They'll do it by making sure that the Bush tax-cuts all sunset, and possibly by eliminating some of the cuts through votes in Congress. If they can override the inevitable Bush veto, they'll definitely do it by voting in Congress, but if not they'll simply wait for the laws to sunset, then they'll watch the revenues come pouring in from taxes that whack the middle class upside the head and in the wallet and pocketbook.
The Democrats have all but said they will raise taxes. Now some of them (like Jim Webb, candidate for the U.S. Senate in Virginia, like Charlie Rangel in Congress) are trying to distance themselves from some of those statements, but people need to be smart enough to see through those bald-faced lies and know that the one guarantee they can count on and find evidence on at the bank is that the Democrats will raise taxes. They'll call them "revenues", rather than taxes, and they'll find a way of raising revenues that gets the most bang for the buck, and in doing so, they'll hit the middle-class and virtually all tax-payers because they'll figure out again that they can't get enough from the people they deem wealthy, and they'll have to keep searching for every single dollar they can find and can get because, as in life, the low hanging fruit is the easiest to get and Congress is lazy (and well paid to be that way really) and won't touch the upper class because of loopholes and shelters that will continue to exist to cover every special interest under the sun.
Yup, the Democrats will be raising taxes. It's only a matter of time.
