Democrats Trying To Raise Taxes

Dem proposes huge tax increase to fight the 'global warming' boogeyman.

  • 50 cents per gallon of gas

  • 50 dollars per ton of carbon (your electric bills will jump)

  • Eliminate home mortgage interest deduction for homes over 3000 sq ft (sliding scale)
  • I particularly like Dingell's reasons for the elimination of the interest deduction:

    He estimates that would affect 10 percent of homeowners. He says "it'' only fair" to tax those who buy large suburban houses and create urban sprawl.

    Only fair. Heck, I'm surprised he didn't say its for the children. Is it urban sprawl for someone to build a 3500 sq ft house in po-dunk Kansas? Its not urban here (and in large parts of this country) to begin with so the idea of sprawl in the midwest is a joke. And never mind factoring in whether you are a single bachelor or a family with 7 kids - nope, 3500 sq ft is large regardless.

    # | September 26, 2007
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