Interesting to note that the claims being made in the last election cycle by conservatives appear incorrect regarding what the Dems would do. No tax raise, no tax break repeal, no cuts to defense and fighting the war on terra. The worrisome Alternative Middle Tax has even been addressed to not attack upper middle wage earners for a longer period of time than Bush proposed. Now, don't get me wrong...I may very much find fault with a lot of this...probably do from a liberalistic view...but seems to cut off the doomsday critics here at the knees. Might even suggest some here were "moonbats?" :tongue
Highlights of the budget plan:
?This year's $248 billion budget deficit would rise to $249 billion next year. By 2012, it would be replaced by a $132 billion surplus.
?The Children's Health Insurance Program would get up to $50 billion more over five years, about $45 billion more than Bush proposed and enough to insure all eligible children. Education programs would get about $6 billion more than Bush proposed next year, and veterans programs would rise by about $3.5 billion.
?The Defense and State departments would get the full $142 billion Bush seeks in 2008 for the wars in Iraq and Afghanistan. Democrats also kept Bush's proposed $481 billion defense budget, a $49 billion boost over this year.
?Tax rates would not be increased, but the budget would seek to clamp down on tax cheats and offshore tax shelters to raise new revenue. The alternative minimum tax, which targets the rich, would not raise taxes on the middle class for two years ? one year more than Bush proposes.
Highlights of the budget plan:
?This year's $248 billion budget deficit would rise to $249 billion next year. By 2012, it would be replaced by a $132 billion surplus.
?The Children's Health Insurance Program would get up to $50 billion more over five years, about $45 billion more than Bush proposed and enough to insure all eligible children. Education programs would get about $6 billion more than Bush proposed next year, and veterans programs would rise by about $3.5 billion.
?The Defense and State departments would get the full $142 billion Bush seeks in 2008 for the wars in Iraq and Afghanistan. Democrats also kept Bush's proposed $481 billion defense budget, a $49 billion boost over this year.
?Tax rates would not be increased, but the budget would seek to clamp down on tax cheats and offshore tax shelters to raise new revenue. The alternative minimum tax, which targets the rich, would not raise taxes on the middle class for two years ? one year more than Bush proposes.
