[Congressional Record Volume 154, Number 59 (Tuesday, April 15, 2008)]
[House]
[Page H2275]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                DEMOCRATS' FISCALLY IRRESPONSIBLE BUDGET

  (Mr. CHABOT asked and was given permission to address the House for 1 
minute.)
  Mr. CHABOT. Madam Speaker, House Democrats' fiscally irresponsible 
budget will impose on American workers and businesses a $683 billion 
tax hike, the largest in U.S. history.
  With our economy slowing and many families losing their homes, the 
last thing Congress needs to do is to take more money from these 
hardworking Americans. Tax relief, not a tax increase, is the best 
stimulant to our economy. Socking 116 million Americans with an average 
tax hike of over $1,800 is an irresponsible fiscal strategy.
  Working families would be hit especially hard by the Democrats' 
irresponsibility. A family of four with two children that currently 
earns $50,000 annually would have to pay an additional $2,155 in taxes 
under the Democrats' plan. That would amount to a 191 percent increase 
in their tax bill.
  The last thing our economy needs right now is the largest tax 
increase in history. House Republicans are dedicated to protecting 
working families, investors, and small businesses from the 
irresponsible tax hike that is being foisted upon us.

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