Rangel Tax Hike Fact of the Day #3
Every day this week, Americans for Tax Reform will release a new fact about Charlie Rangel’s trillion-dollar tax hike.
Today’s fact is:
“The Rangel Tax Hike Violates the Taxpayer Protection Pledge”
The Rangel Trillion-Dollar Tax Increase purports to raise some taxes in order to cut others. This is dead wrong. In fact, the Rangel Tax Increase hikes taxes by some $38 billion over 10 years.
What does he do with the money? He gives it to non-taxpayers in the form of free money. Poor people and low-income people with children don’t pay any income taxes today. Yet, the Rangel Tax Increase hands out even more free money to them.
What’s wrong with giving more money to non-taxpaying poor people? Plenty if they don’t have a job. In order to pay for this giveaway, the Rangel Tax Increase hikes taxes on 24 million small businesses, many of whom will be forced to lay off their poor employees.
“Thanks, Charlie: I don’t have a job, but I do have this hundred-dollar giveaway check from the government.”
By raising income taxes and spending the money, the Rangel Tax Hike is a violation of the Taxpayer Protection Pledge, which has been signed by 196 Congressmen, 42 Senators, and President Bush.
If you would like to schedule an interview with ATR President Grover Norquist or ATR Tax Policy Director Ryan Ellis to discuss the AMT, please contact John Kartch at 202-785-0266, or by email at [email protected].