Everyone... Hang on to Your Wallets!!
The Democrats are going to take your money to pay for their "little" romps.

From the Wall Street Journal:

Look for higher taxes and spending ahead now that Democrats are putting the finishing touches on their budget blueprints for fiscal year 2009. Senator Judd Gregg of New Hampshire, a Republican, grouses that the Senate Democrats' budget documents contain more than $100 billion of spending that is "paid for" only by budget tricks and gimmicks, such as changing the timing of payments so they don't happen inside the budget window. This doesn't save any money, it just camouflages the total spending Congress is doing. An even taller tale concerns some of the Democrats' revenue assumptions. They claim to be keeping the party's pledge of fiscal balance in five years, but that's possible only by assuming that 30 million Americans will pay the Alternative Minimum Tax in 2013. As Rep. Paul Ryan of Wisconsin notes, "There aren't 30 million rich people in America." That means a giant tax increase on the middle class five years from now.

Democratic budget plans also anticipate cancellation of the Bush tax cuts -- another major tax increase on all tax filers. Those in the lowest bracket would see their tax rate climb to 15% from 10% and the marriage penalty tax would also be reinstated. House Budget Committee Republicans calculate this will mean about a $3,000 average increase for every income-tax filer in America. If you live in New York, congratulations, you will see your tax bill inflate by $3,658. If you reside in New Jersey, your annual tax liability will rise the most of any state -- more than $3,700. Democrats in Congress will certainly be getting their money's worth from the blue state voters who sent them there.

In the Senate, Democrats at least say they will keep the Bush middle-class tax cuts after 2010. But gone will be the capital gains and dividend cuts and the income tax cuts for the highest income earners. This means a new top rate of 39.6% from 35% today. As former General Electric CEO Jack Welch notes, it will be hard for the U.S. to compete when "we're raising tax rates while the rest of the world is cutting them."

So this is the "change" Democrats have been promising this election season? Hmm, doesn't seem that different from the way Washington has been doing business for twenty years.