Mike Conaway: “The Democrats' budget clearly shows, and depends on collecting, the largest increase in taxes in our Nation's history.…”

“The Democrats' budget clearly shows, and depends on collecting, the largest increase in taxes in our Nation's history. Most tax experts agree that one of the hallmarks of good tax policy is consistency and stability in that code. A high degree of uncertainty about future tax policy makes long-term planning difficult for both families and businesses, and that uncertainty can have a negative impact on economic growth, yet this majority continues to actively foster that uncertainty, again producing a budget that depends on the collection of the largest increase in taxes in American history. Congress recently passed a bipartisan stimulus package that will give struggling families some of their tax dollars back with the hopes that they will spend this money and bolster our economy. But before they can even get these checks out the door, the Democrats have unveiled a budget that will take back all of that money, plus billions of dollars more. Do we really expect families to go out and spend money when they've got a host of new income taxes that will dramatically decrease their discretionary income hanging over their heads?”