http://news.yahoo.com/fact-check-higher-taxes-balance-gop-budgets-071902442--finance.html
WASHINGTON (AP) — The new House and Senate Republican budgets make a big boast: They both balance the federal budget within 10 years, without raising taxes.
Their own numbers, however, say millions of American families and businesses would have to pay more in taxes to make the math work — about $900 billion more over the next decade.
Both budgets also claim big savings by repealing President Barack Obama's health law. But at the same time, they rely on more than $1 trillion in tax revenue from the health law that would supposedly be repealed.
The House and Senate are scheduled to take up their budget resolutions in the coming days. These are nonbinding political documents that often lack details, especially when it comes to taxes.
Nevertheless, they provide important insight into how majority Republicans in Congress would tackle the federal government's finances.
THE CLAIM: "First and foremost, we balance the federal budget in less than 10 years by reducing spending by $5.5 trillion — without accounting gimmicks or higher taxes." —Rep. Tom Price, R-Ga., chairman of the House Budget Committee, in a published opinion article.
"Republicans have put forward a responsible plan that balances the budget in 10 years with no new tax hikes, that protects our most vulnerable citizens, it strengthens our national defense, and it improves economic growth and opportunity for hardworking families." —Sen. Mike Enzi, R-Wyo., chairman of the Senate Budget Committee.
THE FACTS: Both Republican budgets say they will generate $41.67 trillion in revenue over the next decade. That is very close to the $41.75 trillion that would be generated under current law, according to the nonpartisan Congressional Budget Office.
However, current law assumes that more than 50 temporary tax breaks that expired at the start of the year will not be renewed. They include tax breaks for businesses big and small, as well as provisions that benefit commuters, teachers and struggling homeowners.
All together, the tax breaks add up to $898 billion over the next decade, according to CBO.
Do congressional Republicans really want to eliminate all these tax breaks?
No. Most Republicans in Congress have voted numerous times to temporarily extend them. And over the past year, the Republican-controlled House has voted to make some of the more popular ones permanent.
Then why don't the Republican budget resolutions reflect the costs of providing those tax breaks?
The House plan would cut spending by $5.5 trillion over the next decade while the Senate plan would cut spending by $5.1 trillion.
Those spending cuts have already raised loud objections from both the right and the left because defense hawks want more money for the military and liberals are concerned about cuts to social programs. Finding the votes for an additional $900 billion in spending cuts would be a tall order.
republicans claim all these grand ideas to make things better the question is for who. they are long on promises and really short on delivery remember Romney said he'd lower unemployment to 6.5 by 2016 PRES. got it to 5.5 now. looking at their projection it's the same theirs shows .4 more because they are cooking that book and not including everything 50 temp tax breaks being renewed they are shamming us it's in their blood never enough of the whole truth but always more than needed of the whole lie.
