Dreier: This Tax Day, Largest Tax Increase In History Looms Large

April 17, 2007

WASHINGTON, DC - Congressman David Dreier (R-San Dimas, CA), House Rules Committee Ranking Republican, expressed concern today, tax day 2007, that the American taxpayer will soon see their tax bills climb if the Democratic majority is successful in pursuing the largest tax increase in U.S. history. Dreier said it has been clearly demonstrated that the tax relief passed in 2001 and 2003 has stimulated job creation, reduced the federal deficit, and unleashed an economic expansion that continues today. Their repeal would seriously stifle these accomplishments, and hit American families in the pocketbook.

"The creation of 7.8 million new jobs in the past 3 plus years is no accident," Dreier said. "Nor is the increase in the average refund Americans are receiving this year. All this good news is due to the tax relief put in place in 2001 and 2003. Now that they’ve assumed power, the Democrats have resorted to their tried and true tactic of tax increases. Hardworking Americans already pay more taxes than they should, the last things they need is a tax increase. Yet the Democrats recently passed a budget would raise taxes on Americans across the board - from the marriage penalty, to the child tax credit, to investment tax relief, to the lack of an AMT fix. No one will be spared this massive tax increase. This means less money in the pockets of Americans, and more money for the government to spend. That’s bad news all around. We need to keep this tax relief in place to keep the good economic news going."