we recently marked the first year anniversary of the Taxpayer Relief Act, the first major tax reduction since the Reagan tax cuts of the 1980s. Let us face it, there would have been no tax cut at all were it not for a Republican Congress. In fact, the last time the Democrats controlled Congress they did what Democrats can be expected to do, raise taxes. The Republican Party is the party of tax cuts, the Democrat party is the party of bigger government and higher taxes; two different directions, two different visions of what the people's representatives in Washington should do with other people's money. Last year tax cuts were only a first step. The Taxpayer Relief Act reduced the tax on capital gains, cut the estate tax, expanded IRAs for middle class savers, provided a $500 per child tax cut, and passed into law a host of other tax reductions. But this Congress would like to go further. We should eliminate the marriage tax penalty and pass more tax relief for middle class taxpayers.
Editor's note · Context
Discussing the impact of the Taxpayer Relief Act and advocating for further tax cuts.
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