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 Congressman Denny Rehberg, 516 Cannon House Office Building, Washington, DC 20515

N E W S

     
March 12, 2008
Rehberg: Democrat Budget Puts Montana Taxpayers in the Red
WASHINGTON, DC - Montana’s Congressman, Denny Rehberg, today criticized the House Democrat budget for being fiscally irresponsible and increasing taxes on Montana families.

“It appears there is no end to how many hard-earned tax dollars House Democrats are willing to spend,” said Rehberg, a member of the House Appropriations Committee.  “More taxes and increased federal spending is not the answer for a weakening economy.  This budget aims right at the heart of Montana communities by taxing small business owners, seniors, and single mothers, while spending tax dollars on things like Hillary Clinton’s ‘Woodstock’ Museum.”

The House Democrat budget includes a $683-billion tax hike overall, the largest in our nation’s history, and a $2,625 tax hike for the average Montanan.  Additionally, the budget could potentially lead to a loss of 3,114 Montana jobs.

“Earlier this year, we managed to provide an economic stimulus and put more money in the pockets of taxpayers,” said Rehberg.  “Now, Nancy Pelosi and company want to take it back.  What’s good policy in February somehow isn’t good policy in March?” 

How the House Democrat budget will affect taxpayers:

·       A family of four earning $50,000 will see their taxes increase by $2,100.

·       Approximately 48 million married couples will face an average tax increase of $3,000 per year.

·       Low-income families with one or two children will no longer be eligible for the refundable child tax credit in 2011.

·       Roughly 12 million single women with children will see their taxes increase by $1,100 per year.

·       About 18 million seniors will be subjected to tax increases of more than $2,100 per year.

·       Tax bills for an estimated 27 million small-business owners will increase by more than $4,000 each.

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