April 2007
News hardly heard in the mainstream media comes to us by way of The Center for Individual Freedom about what could possibly happen to your tax load if the liberals get their way. Brace yourself for these taxing facts.
- Your federal income tax bill is about to go up a whopping 61%.
- And no, we're not talking about taxes on "the rich." We're talking about YOUR TAXES -- if you're the bread-winner in a middle-income family of four that earns $60,000.00 a year.
- Elderly and those living on a fixed income are about to see their tax bill go up 156%.
- Are you a single woman, trying to make ends meet? You could be one of the 83 million American women who could see your taxes go up by an average of $2,068.
- And if you're married, you could be one of the 48 million married couples who will pay an average of $2,899 more under the liberal tax increase.
- Yes, this is a nightmare scenario. But unfortunately it is very real!
- We're talking about the record setting $400,000,000,000.00 tax increase -- the largest tax increase in American history -- that Nancy Pelosi and her liberal colleagues in Congress just proposed last week.
- This tax increase was being planned behind closed doors by Pelosi's lieutenants in Congress while they were scheming to cut-off funds to our troops and while Pelosi was finalizing her travel plans to terrorist supporting Syria.
- According to former-Speaker of the House Newt Gingrich, who recently discussed the above figures, this new Pelosi tax increase will:
- Raise the 10% Tax Bracket to 15%: More than five million families and individuals who previously owed no taxes will become subject to taxation.
- Eliminate Marriage Penalty Relief for over 23 million Americans.
- And cut the Child Tax Credit in half for over 31 million Americans.
- Congressman Bob Goodlatte and Former House Majority Leader Dick Armey have joined with members of the House Republican Study Committee (RSC) and are pushing the American Taxpayer Bill of Rights.
Center for Individual Freedom
Keep the money where it belongs – in the pockets of those who made it. Liberals and taxes is bad news – always has, always will be! Visit the Center for Individual Freedom at the link above to learn more.
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