Tax and Appropriations

Fact Checking the GOP: Largest Tax Increase in Modern History Was Under President Reagan, Not President Obama

Republicans are already claiming the President’s deficit reduction plan is the largest tax increase in history. But unfortunately for them, the facts don’t back them up. Drawing straight from their source, here are the facts:   
  • The Treasury Department working paper they’ve referenced compares the first four years of tax changes.

Bernanke: Don't cut too fast

From the Democratic Whip Press Shop:

Today, Federal Reserve Chairman Ben Bernanke warned against undermining our economic recovery by drastically cutting spending too quickly. Democrats agree with Republicans that we must reduce spending but we also have to ensure that spending cuts don’t harm the economy and impede job creation.

Take Note House Republicans, Senate Ethanol Tax Break Vote Proves Revenue is On The Table

From the Democratic Whip Press Shop:

We hope House Republicans were paying attention to the ethanol vote in the Senate today, as 73 Senators—including 33 Republicans—voted to end these tax breaks.

That’s 33 Republican Senators who finally agreed that the tax code is not off limits when looking to restore fiscal discipline.

Hoyer: Making Our Tax Code Fair and Simple

For Immediate Release:

April 18, 2011

Contact:

Democratic Whip Steny H. Hoyer
The Huffington Post

If you're feeling overwhelmed this Tax Day, you're not alone. The complexity of our tax code isn't just a nuisance for families and businesses -- it's a drag on our entire economy. Each year, Americans spend billions of dollars and more than 225 million collective hours doing their taxes. And each year, there's talk of making our tax code far simpler, talk that rarely goes anywhere.

Hoyer: Closing Tax Loopholes Must Be Part of the Answer to Budget Challenges

"Last week, former Republican Congressman Joe Scarborough said this about the hard work of getting America out of debt: 'The belief of some on the right that America can balance the budget by cutting education, infrastructure, the Corporation for Public Broadcasting, and home heating assistance to the poor is tantamount to budgetary witchcraft.'