Democrats’ Budget Plan Seeks $1.5T Tax Hike, Plus 10-year Spending Boost

0 Posted by - March 14, 2013 - Big Brother, Career & Business, Economics, Money, Nanny State, Politics, Social Issues

The 10-year budget plan drafted by Senate Democrats includes a $1.5 trillion tax-hike, according to GOP staffers who combed through the long document as soon as it was released.

The “budget would raise taxesicon1 Democrats’ Budget Plan Seeks $1.5T Tax Hike, Plus 10 year Spending Boost on Americans by $1.5 trillion to pay for increased spending … on top of the $1.7 trillion in tax increases already signed into law during the Obama administration,” said a statement from Sen. John Thune, the chairman of the Senate Republican Conference.

“The policies of big spending and big government have led to a dismal average economic growth rateicon1 Democrats’ Budget Plan Seeks $1.5T Tax Hike, Plus 10 year Spending Boost of just 0.8 percent over the past four years. It’s time to grow the economy, not the government,” he added.

President Barack Obama quickly endorsed the plan, which will help him continue an aggressive public-relations campaign against GOP budget maven, Rep. Paul Ryan, and his budget plan, in the long run-up to the 2014 mid-term election. (RELATED: Obama slams Ryan’s proposal)

“Republicans and Democrats have now put their plans on the table … the [p]resident looks forward to seeking compromise and common ground with Congress,” said a White House statement.

CONTINUED at The Daily Caller.

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