NAN A. S. HAYWORTH: “in last year's budget, the President estimated that unless things changed, future generations would have to pay an…”

“in last year's budget, the President estimated that unless things changed, future generations would have to pay an 82-percent tax rate. So when I got this year's budget, I looked furiously to see just how much the situation had improved. Funny thing is, though, the President failed to include that number this time around. That is because instead of going down, the tax rate future generations would have to pay because of the President's fiscal folly has gone up. It has gone up to 84 percent. The liberal Democrats in this Congress and in the White House have declared war on the next generation of Americans. Unless we act now to take control of this bloated and inefficient bureaucracy, our children can look forward to a future of higher interest rates, higher taxes, less opportunity, and ultimately a lower standard of living. Well, we will not let the liberal Democrats make the first generation the first to have a lower standard of living than their parents. We will fight for the future of America. We will not let future generations foot the bill for the liberals' irresponsibility and mismanagement.”