Democrats Predict Sizable Budget Surplus if Bush's Tax Cuts Expire in 2010

[Omaha Steve]

Source: AP

Democrats Predict Sizable Budget Surplus if Bush's Tax Cuts Expire in 2010
03-28-2007 6:03 PM
By ANDREW TAYLOR, Associated Press Writer

WASHINGTON (Associated Press) -- House Democrats pressed ahead Wednesday with a budget plan predicting a sizable surplus in five years, but only if President Bush's tax cuts expire in 2010 as scheduled.

The majority Democrats' $2.9 trillion budget outline for next year would produce a $153 billion surplus in 2012 while raising spending for veterans, education, defense and national security.

Democrats say the plan would finally mean a surplus after years of red ink under Bush and a GOP-controlled Congress.

Republicans said allowing tax cuts passed in 2001 and 2003 to expire in 2010 would amount to the "largest tax increase in American history."

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[texpatriot2004]

1. Repeal those ridiculous tax cuts nm

[truthisfreedom]

2. The right-wing noise machine has been reduced to the size of a bathtub...

it's time to pull the plug and let the rest of it go down the drain.