01 January, 2013

The McConnell Tax Hike | RedState

The McConnell Tax Hike | RedState: The McConnell Tax Hike raises taxes on people making over $400,000.00, but it also raises taxes on the middle class. “More than 80 percent of households with incomes between $50,000 and $200,000 would pay higher taxes.”

Not only does the McConnell Tax Hike stick it to the middle class, it raises taxes $41 for every $1 in spending cuts. Those spending cuts are ephemeral as there is $330 billion in new spending and a $4 trillion price tag over the next ten years.

Both Hollywood and NASCAR get carve outs. So too do wind energy companies.