Newsmax.com - Senate Democrats Want Trillions in New Taxes

Tax cuts, we don't need no stinking tax cuts!!

Newsmax.com - Senate Democrats Want Trillions in New Taxes

Senate Democrats Want Trillions in New Taxes

Monday, June 9, 2008 8:30 AM
By: Newsmax Staff

The spending plan approved by the Senate last week fails to extend President Bush’s tax cuts — and could lead to the largest tax increase in U.S. history.

“Make no mistake: This tax hike is gargantuan,” the Investor’s Business Daily states in an editorial.

“Simply by not making Bush’s tax cuts permanent, taxes will rise by a minimum of $2.8 trillion between now and 2018.”