Illinois Republican Party

Brad Schneider Supports a $7,605 Tax Hike Per Family
7/30/2012

Democrat Brad Schneider, who is challenging incumbent Congressman Bob Dold in Illinois’ 10th District, supports raising taxes $2.5 billion in this district alone with the elimination of the 2001 & 2003 tax cuts at the end of this year.

According to The Heritage Foundation, allowing these tax cuts to expire will trigger an average tax hike of $7,605 for 10th District households. $2.5 billion total in new taxes will be taken from the district’s local economy to fund government spending, according to the group’s calculations.

After 41 consecutive months of unemployment over 8% nationally, Brad Schneider wants to raise taxes on middle class families and small businesses. Schneider’s plan to let all the tax breaks expire would, according to The White House, yield a tax hike on 114 million middle class families and would raise taxes on individuals making as little as $20,000 a year by 50%. Approximately 900,000 small businesses would also be hit with a major tax hike. The current tax rates, which have already been renewed by President Obama, have been in place for over a decade.

“Now is not the time to place more burdens on the American people. Schneider and spendthrift Democrats will not accelerate job growth by raising taxes, but rather throw a wet blanket on our fragile economy,” said Illinois Republican Party Chairman Pat Brady.

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