Dems Want to Increase Your Taxes and Here's Why That's a BAD Thing!

This is a Red November Initiative Post!!

Don't go measuring the drapes yet, Pelosi!

Charlie on the Turnpike has this excellent posting:

Facts: they can be a stubborn thing to ignore

I am so far behind in both reading and posting, this one almost got away!

Do not believe the recurrent lies that President Bush's tax cut was only for the wealthy. Every person who paid Federal taxes enjoys the benefit of those tax cuts -- all 300-million -- and some of these benefits are outlined below, in a style resembling Harper's Index. Keep this in mind as you head to the polls in a few short days: which candidates are going to vote to make those tax cuts permanent?

As seen at Chronicle of the Conspiracy to Keep you Poor and Stupid :

* $14,374,330,000,000 Total Increase in Household Wealth Since April 2003
* $5,700,000,000,000 Total Increase in Shareholder Wealth Since May 20, 2003
* $863,654,000,000 Total Amount of Tax Cuts Enacted Since Fiscal Year 2003
* $783,890,000,000 Total Amount of Additional Tax Cuts to be Returned to Taxpayers Through 2010
* $625,000,000,000 Total Increase in Federal Tax Revenues Since FY 2003
* $207,788,000,000 Reduction in the Deficit in the Past 29 Months Due to Stronger Economic Growth
* $98,600,000,000 Combined Income Gains for Shareholders From Dividend Increases & Tax Savings 03-05
* $62,000,000,000 Surplus of Capital Gains Tax Revenue Not Accounted For By Revenue Estimators
* $60,000,000,000 Deficit REDUCTION Since the Tax Cut Was Signed Into Law
* 300,001,643 Total Number of Americans benefiting from President Bush’s Tax Cut
* 91,000,000 Number of Individuals Owning Shares of Stock in America
* 23,000,000 Number of Small Businesses Benefiting from Income Tax Reductions
* 6,600,000 Number of Jobs Created Since the Tax Cut Was Signed Into Law
* 12,000 The Magic Number of the Dow Jones Industrial Index is an Arms Length Away has exceeded
* $2,092 Tax Increase for a Family of Four With $50k of Income if Tax Cuts Are Repealed
* 200 Number of House Members Who Voted Against This Growth Generating Tax Cut
* 50 Number of US Senators Who Voted Against This Growth Generating Tax Cut
* 25 Number of Years Dividend Paying Companies Declined Prior to the 2003 Tax Cut
* 164.0% % Increase in the Dividend Tax Rate if the Income and Dividend Tax Cuts Expire
* 123.0% % Increase in Dividend Income and Share Repurchases Since 2003 Tax Cut
* 91.0% % Increase of Stock Ownership in the Bottom Quintile of Income Distribution Since 1995
* 74.0% % Increase in S&P 500 Companies Boosting Their Dividend Since 2002
* 65.0% % of Voters Who Were Investors in the 2004 Elections
* 51.2% % of Total Tax Cut “Cost” That Has Been Recouped From Higher Levels of Growth
* 14.0% % Margin of Victory for Republicans From Investor Voters in 2002 Elections
* 4.6% Unemployment Rate Which Continues To Disprove the Constant Economic Pessimism
* 3.7% % Average Quarterly GDP Growth Since Tax Cut Was Enacted (long run average is 3.3%)

Be sure to have your facts in order the next time you argue for a tax increase!

Preach, Charlie, preach!!!