| DEMOCRATIC PROMISE #51: Expand the Child Tax Credit
Promise: “In an Oct. 5 speech at Georgetown University, House Minority Leader Pelosi pledged to make the child tax credit more generous for lower-income families…” – “Taxes – Democrats Would Pare the List of Potential Tax Changes,” CongressDaily PM, October 19, 2006
Broken Promise: “The Senate budget resolution (S Con Res 21) included an amendment by Finance Chairman Max Baucus, D-Mont., that proposes using a $132 billion projected fiscal 2012 surplus to pay for extending the tax cuts, such as those affecting married couples, the child tax credit and estate tax changes. The House version (H Con Res 99) does not make room for those tax provisions which expire in 2010.” – “Tax-Cut Proposal Rides With House-Adopted Fiscal 2008 Budget Resolution,” Congressional Quarterly, May 8, 2007. The Washington Post also reported earlier this year that “[W]hile House Democrats say they want to preserve key parts of Bush's signature tax cuts, they project a surplus in 2012 only by assuming that all of the cuts expire on schedule in 2010.” – “Budget Plan Wipes Out Deficit But Leaves $50 Billion Dilemma,” Washington Post, March 29, 2007
DEMOCRATIC PROMISE #52: Pass Budget Without Tax HikesPromise: “There are no tax increases in this [budget].” – Majority Leader Steny Hoyer (D-MD), House Floor Remarks, March 29, 2007
Broken Promise: “But both the House and Senate [Democratic] budgets implicitly require tax increases in the years ahead. Neither offers any guidance about where the needed extra revenue would come from.” – “House Budget Is Clear on Spending, Vague on Revenue,” New York Times, March 30, 2007 |