East TN Conservative

ATR has learned that House Republicans next week will be forcing a vote on the Democrats' planned tax hikes in 2011. At the stroke of midnight on January 1, 2011, the Democrats have the following tax increases planned:

• The top rate will climb from 35% to 39.6%
• The capital gains rate will rise from 15% to 20%
• The dividends rate will soar from 15% to 39.6%
• The child tax credit will be cut in half, from $1000 to $500 per child
• The death tax will go from dead to 55%, overnight
• The marriage penalty will return for even the poorest taxpayers
• The lowest tax bracket will spike by 50%, from 10% to 15%

Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) The unemployment rate was 4.5%.

“Since voting in a Democratic Congress in 2006 we have seen:

1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $3.50 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.



REMEMBER the more you hear "green" the less green your wallet will see.