NRCC - Carol Shea-Porter: Happy Tax Day, Now Give Me Your Money

Democrats Continue Runaway Spending Spree on Taxpayer Dime

Washington- Today on Tax Day, millions of Americans will be forced to fork over hard-earned money they’ve labored for throughout the past year, all to help Washington Democrats continue their reckless spending spree. After a year of paying excessive taxes, suffering under unprecedented government control, and witnessing a budget-busting agenda, New Hampshire families are certainly feeling the pinch. Rather than putting a stop to her party’s reckless agenda – Carol Shea-Porter has rolled out the red carpet and welcomed their reckless economic policies. So, on this very ‘special day,’ New Hampshire families will be reminded that Shea-Porter is part of an out-of-control Democrat majority that continues to spend too much, tax too much, and borrow too much.

Americans have become so accustomed to tax-hikes under a Democrat-controlled Congress that 63 percent anticipate higher taxes over the next year.

“Sixty-three percent of Americans believe their taxes will increase in the next 12 months… Despite the president's tax policies to date and his plans for the future, middle- and lower-income Americans may perceive that the federal government will need to raise taxes to pay for its greater spending and rising deficits since Obama took office, including the recently passed healthcare legislation, with its price tag of just under $1 trillion.” (Jeffrey Jones, “Six In 10 Americans Expect Their Taxes To Increase,” Gallup, 4/14/2010)

Under the watchful eye of the Democrats, personal incomes have fallen 3.2 percent and small businesses are wary of their futures.

“Real personal income for Americans - excluding government payouts such as Social Security - has fallen by 3.2 percent since President Obama took office in January 2009, according to the Commerce Department's Bureau of Economic Analysis.” (Joseph Curl, “Income falls 3.2% during Obama's term,” Washington Times, 4/13/2010)

“The National Federation of Independent Business index of optimism among small businesses fell 1.2 points in March to 86.8.  "The March reading is very low and headed in the wrong direction," said Bill Dunkelberg, the group's chief economist. "Something isn't sitting well with small-business owners.” (Sudeep Reddy, “Trade Gap Grows, Driven by Imports,” Wall Street Journal, 4/14/2010)

Yet, Democrats continue to hand out money that they don’t have while running up the federal deficit.

“Personal income with government "transfers" - which include such federal money as Social Security, unemployment insurance, Medicare and food stamps - has grown during Mr. Obama's time in office, up 1.2 percent…During that period, government unemployment insurance benefits rose from $88 billion to $143 billion. Despite a near doubling in unemployment payouts, Mr. Obama in February announced a multitrillion-dollar spending plan that boosted the federal deficit to a record-breaking $1.56 trillion.”  (Joseph Curl, “Income falls 3.2% during Obama's term,” Washington Times, 4/13/2010)

“While most New Hampshire taxpayers are dreading this day, Carol Shea-Porter and her party bosses are rejoicing,” said NRCC Communications Director Ken Spain. “After a year of emptying their pocket books due to excessive taxes and unprecedented government spending, New Hampshire families have had enough. So, while Shea-Porter is soaking in the day, she should remember that it will be short-lived, because Election Day is right around the corner.”