RALEIGH--Senators Hillary Clinton and Barack Obama both plan to raise taxes significantly if elected.  Each has proposed raising taxes on capital gains as well as payroll taxes and taxes on business.

Both Democrat Candidates Have Big Spending Agendas Which They Claim Are Paid For ... Meaning More Taxes?

USA Today: "[C]linton And Obama Both Offer A Long List Of New Spending Proposals That Suggests A Lack Of Seriousness In Confronting The Nation's Fiscal Condition." (Editorial, "Democrats Promise A Lot, But Who Will Pay The Bill?," USA Today, 2/25/08)

If Sen. Clinton Could Enact All Of Her Campaign Proposals, Taxpayers Would Be Faced With Financing Over $709 Billion In New Spending Over One White House Term. (RNC Research)

·        Sen. Clinton: "Everything I've Put Forward, I've Said How I Would Pay For It." (Sally Jenkins, "Growing Up Rodham," The Washington Post, 12/9/07)

If Obama Could Enact All Of His Campaign Proposals, Taxpayers Would Be Faced With Financing Over $662 Billion In New Spending Over One White House Term. (RNC Research)

·        Obama: "We Account For Every Single Dollar That We Propose." (Sen. Barack Obama, CNN Democrat Presidential Candidates Debate, Myrtle Beach, SC, 1/21/08)

Sen. Clinton And Obama Have Both Secured Millions In Pork Barrel Spending At The Expense Of Taxpayers' Pocketbooks:

 In 2007, Sen. Clinton Secured 281 Pork Projects, For A Total Of $296.2 Million. (Citizens Against Government Waste, "2008 Congressional Pig Book Member List (Dollar Amount)," www.cagw.org <http://www.cagw.org/site/DocServer/Senate_-_dollar.pdf?docID=3024> , Accessed 4/1/08)

In 2007, Obama Secured 53 Pork Projects, For A Total Of $97.4 Million. (Citizens Against Government Waste, "2008 Congressional Pig Book Member List (Dollar Amount)," www.cagw.org <http://www.cagw.org/site/DocServer/Senate_-_dollar.pdf?docID=3024> , Accessed 4/1/08)

Chairman Linda Daves, North Carolina Republican Party, made the following statement:

“Ronald Reagan once said, ‘Republicans believe every day is the Fourth of July, but Democrats believe every day is April 15.’  His statement has never been made more evident than by the two Democrats running for President this year.  Neither candidate has ever seen a tax that could not be raised or a dollar of our tax money that could not be spent.  Voters looking for tax relief at this time of year will not find it in the Democrat agenda.  Both Clinton and Obama have already supported a massive tax increase that would directly affect the middle class while promising even more taxes and spending if either is elected.  Now is not the time for tax increases that will stifle economic growth and further damage the economy.  Low taxes and sensible spending are the prescription to soothe current economic woes and John McCain is the candidate who offers common sense solutions.”

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