Contact FreedomWorks

400 North Capitol Street, NW
Suite 765
Washington, DC 20001

  • Toll Free 1.888.564.6273
  • Local 202.783.3870

Blog

    New Budget Raises Taxes $3,135 Per Household

    03/10/2008

    The Heritage Foundation's Brian Riedl has a new analysis of the House Budget Committee's budget blueprint. Among his findings, the budget plan:

    * Raises taxes by $1.265 trillion over five years and $3.911 trillion over 10 years, or more than $3,135 per household annually;
    * Includes 17 reserve funds that could be used to raise taxes by hundreds of billions more;
    * Increases discretionary spending by 8 percent and does not terminate a single wasteful program; and
    * Completely ignores the impending explosion of Social Security, Medicare, and Medicaid costs.