Federal taxes today are the highest that they have ever been in peacetime America. Americans pay more in taxes than on food, clothing and housing combined. Americans work more than four months out of every year just to pay tax bills. The current high tax rates keep low-income taxpayers out of the middle class. The President s proposal changes this.
Recent layoffs demonstrate that our economy needs a boost.
D.C. Those who believe the federal government must take care of you from cradle to grave see this tax proposal threatening their control of those tax dollars. Tax relief will immediately help families, businesses and communities save and invest more as well as move us toward tax coded reform. Prompt action will also improve the economic environment and strengthen consumer confidence by placing more money in the hands of consumers and entrepreneurs. President Bush s plan reflects the fundamental principle that hard-working individuals should be free to make economic decisions. It would substantially reduce the record-high tax burden on American taxpayers.