THE DEMOCRATS WANT TO RAISE TAXES ON WORKING FAMILIES

President Bush Has Called On Congress To Make His Tax Cuts Permanent: Failing To Extend The Tax Cuts Would Result In A Nearly $2.4 Trillion Tax Increase Over The Next 10 Years On American Taxpayers (2007-2016). (Office Of Tax Policy, U.S. Department Of The Treasury) President George W. Bush: “Some in Washington proposed that we raise your taxes, either by repealing the tax cuts or letting them all expire. These are the same folks who said, if you keep your own money, that’d be irresponsible and reckless policy. These folks were wrong then, and they’re wrong now.” (President Bush, Remarks To Small Business Week Conference,
Washington, DC, 4/13/06)

In His Fiscal 2007 Budget Request, President Bush Again Asked Congress To Make The Tax Cuts Permanent. (OMB Director Josh Bolten, Press Conference, 2/6/06)

Dems Overwhelmingly Opposed 2001 And 2003 Tax Cuts And Now Say They Don’t Want Them To Be Permanent: Senate And House Democrats Voted Overwhelmingly Against President Bush’s Tax Cuts. (H.R. 1836, CQ Vote #149:
Adopted 240-154: R 211-0; D 28-153; I 1-1, 5/26/01; H.R. 2, CQ Vote #225: Adopted (thus sent to the Senate) 231-200: R 224-1; D 7-198; I 0-1, 5/23/03; H.R. 1836, CQ Vote #170: Adopted 58-33: R 46-2; D 12-31, 5/26/01, Clinton Voted Nay; H.R. 2, CQ Vote #196: Adopted 51-50: R 48-3; D 2-46; I 0-1, With Vice President Cheney Casting A “Yea” Vote, 5/23/03, Clinton Voted Nay)

“Sen. [Harry] Reid [D-NV] Said Matters More Pressing Than Tax Cuts Need To Be Given Priority.” (Edward Lee Pitts,
“Frist Decries ‘Obstruction’ By Senate Democrats,” Chattanooga Times Free Press, 2/15/06)

Sen. Reid: “(Republicans) are going to work on a lot of things we don’t need to be working on.” (Edward Lee Pitts, “Frist
Decries ‘Obstruction’ By Senate Democrats,” Chattanooga Times Free Press, 2/15/06)

“[Sen. Hillary Clinton (D-NY)] Decried An Increase In Partisanship That She Said Has Served To Lessen The Importance Of Public-Private Partnerships. And She Took A Pointed Shot At Bush’s Efforts To Make Permanent The Tax Cuts He Contends Are Responsible For An Improved Economy.” (Rick Pearson, “Clinton Speech Calls For
Strengthened Middle Class,” Knight Ridder, 4/11/06)

Sen. Clinton: “Tax cuts alone cannot secure the middle class. They are not the cure-all for everything that ails the American economy.” (Rick Pearson, “Clinton Speech Calls For Strengthened Middle Class,” Knight Ridder, 4/11/06)

House Ways And Means Committee Ranking Member Charles Rangel (D-NY): “‘These tax cuts are beyond irresponsible.” (David Cay Johnston, “Big Gain For Rich Seen In Tax Cuts For Investments,” The New York Times, 4/5/06)

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But American Taxpayers Have Benefited From Republican Tax Cuts: “In The Past Five Years, The President’s Tax Relief Helped Spur Growth By Keeping $880 Billion In People’s Hands.” (The White House Website, www.whitehouse.gov, Accessed 4/12/06) Per Capita After-Tax Income Has Increased 8.2% Under The Bush Administration. (Greg Ip, “Snow Defends President’s
Handling Of Economy,” The Wall Street Journal, 3/20/06)

Per-Person Net Worth Increased 24% From Early 2001 To End Of 2005. (“Snow Defends President’s Handling Of
Economy,” The Wall Street Journal, 3/20/06)

Because Of The 2001, 2003, And 2004 Tax Cuts, This Year: • • • • • • 111 Million American Taxpayers Will Save An Average Of $1,877; A Family Of Four Making $40,000 Will Save $2,010; More Than 5 Million Individuals And Families Will Have Their Income Tax Liabilities Totally Eliminated; 44 Million Families With Children Will Save An Average Of $2,493; 14 Million Elderly Individuals Will Save An Average Of $2,043; 25 Million Small Business Owners Will Save An Average Of $3,641. (U.S. Department Of The Treasury Website,
www.treasury.gov, Accessed 4/12/06)

Tax Freedom Day Eight Days Earlier Than It Was In 2000: In 2000 It Fell On May 3 While This Year It Will Fall On April 26. (The Tax Foundation, “America Celebrates Tax Freedom Day,” Press Release, 4/11/06) The Bush Tax Cuts Have Benefited The Economy: 211,000 Jobs Were Created In Feb. – More Than 5.1 Million Jobs Have Been Created Since Aug. 2003. (Bureau Of
Labor Statistics Website, www.bls.gov, Accessed 4/7/06)

The Jobless Rate In Mar. Was 4.7%, Lower Than The Averages Of The 60s, 70s, 80s, And 90s. (The White House,
Press Release, 4/7/06)

The U.S. Economy Grew 3.5% In 2005. (“Fourth-Quarter GDP Revised Up To 1.7%,” MarketWatch, 3/30/06) The Wall Street Journal: “Critics continue to complain that President Bush’s tax policies have only benefited the superwealthy, but that would come as news to the five million Americans who were jobless before the 2003 tax cuts, and thus had no income, but now have a weekly paycheck.” (Editorial, “Help [Very Much] Wanted,” The Wall Street Journal, 4/10/06) Former HUD Secretary And Former Rep. Jack Kemp (R-NY): “The surest way to harm the economy, slow our growth, raise unemployment and reduce revenues would be to allow capital gains and dividend taxes to rise to pre-2003 levels.”
(Jack Kemp, Op-Ed, “Bright Economic Future Calls For Extending Tax Cuts,” Copley News Service, 4/7/06)

The Augusta Chronicle: “The nation’s booming economy, coupled with an astoundingly low 4.7-percent unemployment rate, is largely because of President Bush’s tax cuts …” (Editorial, “How Democrats Can Win Congress,” The Augusta [GA] Chronicle,
2/18/06)

Steve Forbes: “In 2003 … those tax cuts much criticized, set off the boom that we are having today, strong economy. We’re the largest growing economy among large economies in the world. We’ve created over nearly five million jobs and we’ve had a 4 percent-plus growth rate. That would not have happened without the tax cuts.” (CNBC’s “Kudlow & Company,” 3/20/06) CNBC’s Larry Kudlow: “[T]he reality is that the Bush tax-cut incentives continue to propel economic growth. Just look at the outsized gains in retail sales, new home construction, and manufacturing production. Then look at the flood of new tax collections from the strong economy that has thrown off unexpected federal budget surpluses over the last two months.”
(Larry Kudlow, Op-Ed, “Big Ben’s Good Beginning,” National Review Online, 2/17/06) Paid for by the Republican National Committee 310 First Street SE, Washington, D.C. 20003 - (202) 863-8614 - www.gop.com Not authorized by any candidate or candidate committee.