Today is tax day. Millions of Americans will write big fat checks to Uncle Sam. Who is paying the bill? The top 10 percent of households, families with incomes of $100,000 or more, pay 70 percent of all Federal income taxes. Coincidentally, 70 percent of all the new jobs in America are created by small businessmen. The tax cuts of 2003 have created 7.8 million new jobs and have given us the lowest unemployment rate in four decades. Unfortunately, the Democrat budget proposal contemplates allowing these tax cuts to expire which will give Americans the largest tax increase in history. Under the Democrat tax increase, small businesses will be hurt and 42 million families with children will see their tax bill go up by an average of $2,100. A married couple with two kids making $60,000 will see their taxes go up by 60 percent. On tax day let's remember the hardworking families who are paying the bills to Uncle Sam and oppose all new taxes.
Ric Keller: “Today is tax day. Millions of Americans will write big fat checks to Uncle Sam. Who is paying the bill? The top 10…”
Editor's note · Context
Discussing the implications of tax policy on families and small businesses on tax day.
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