Page 4 - Jim Saxton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Last year's budget summit agreement proved how easy it is for Congress to impose higher taxes and spending on the American people. As a result of the Bush-Democrat budget, the tax burden on American workers, families, businesses and consumers now is at.an all-time high. Not surprisingly, this record tax burden helped trigger the current recession, just as similar high-tax, high-spending government policies in the 1970s helped ignite the nation's Last economic crisis. Violating the budget architects' promises of last year, the higher taxes have not been used to trim the federal deficit. Instead, the higher taxes simply have fueled higher government spending, pushing this year's deficit over $300 billion, up from $220 billion in 1990. Ibis record budget deficit now is likely to prompt calls for a new budget summit and even higher taxes. What is troublesome is the case with which Congress last fall imposed on Americans their largest one-year tax hike in history - so po

United statesCapitol hillNew jerseyWhite houseDistrict of columbiaSouth dakotaMark crainRonald reaganJames millerJim saxtonJohn mccainCarter administrationGeorge mason universityCongressional budget officeOffice of managementEconomic committee