Democratic Promises Carry High Price Tag
Sunday, November 11, 2007 8:39 PM
By: Rod Proctor Article

Talk may be cheap, but the cost to keep promises made by Democratic candidates could top $700 billion and push individual tax rates above 50 percent for the first time since the 1986 Reagan tax reform, fiscal experts warn.

In fact, a Democratic sweep in 2008 could push America’s tax burden up to 7th highest in the developed world, up from 21st place, according to researchers at the nonpartisan Tax Foundation.

“If Democrats control everything after 2008, there will be a substantial tax increase,â€