The Voice of Young Conservatives Blog

You’re Invited!

The Internal Revenue Services New Year’s Party

Come celebrate with the IRS as they welcome back the “Marriage Penalty,” “The Death Tax” and the raising of the tax rate on dividend income, income tax rate on all wage earners, capital gains, reduction of the child tax credit and increase of the number of families paying the alternative minimum tax

When: January 1, 2011

Where: A Taxpayers’ Home Near You

*** This event is sponsored by Barack Obama, Tim Geithner, Nancy Pelosi, and Harry Reid ***

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Sound like a party you’d like to attend?

Didn’t think so.

It’s a happening the majority of voters in 12 key battleground states aren’t too keen on attending. But for some reason it’s a party that the Democrats seem intent on throwing. A new poll by Resurgent Republic finds that if the Democrats don’t act to stop the scheduled tax increase before the election 55% of total voters, and 57% of independents, say they will be less likely to vote for Democratic candidates.

The so called “Bush tax breaks” are set to expire on January 1, 2011, which without action would lead to the largest one-time tax increase in the nation’s history. Democrats see it as a potential way out of the deficit mess that their spending binge has caused. Treasury Secretary Timothy Geithner called the expiration “the responsible thing to do because we need to make sure we can show the world” that America is “willing as a country now to start to make some progress bringing down our long-term deficits.”

The problem with this little theory is that the public has already caught on. When asked which statement they agree with more 73% of voters say that the “deficit is a result of too much spending” compared with 24% who believe we “need more tax revenue as well as spending cuts to reduce the federal deficit.”

The greatest concern is that only a little over half of all voters (54 percent) are aware of the looming tax increases. What should be a key voting cue that emphasizes the difference between the two parties in November threatens to be overlooked. While Democrats continue to spend to pay for deficits the OMB says will reach a new record this year – $1.47 trillion, Republicans are taking a different tack. Republicans argue that now, more than ever, struggling Americans need to keep as much money as they can in their own wallets. The budget must be balanced, but it must be because our representatives in Washington are making the tough choices to cut back, not because Washington needs us to give more.

As elections draw near, incumbents and potential candidates must be prepared to answer the question – will you side with Americans and extend the tax cuts, or will you side with Washington and continue to tax and spend. It should be an easy answer. And frankly, it’s sad that we even have to ask.

by Sinead Casey