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Virginia Senate Race Election 2006

If the Senate race goes for the democrats will this mean America will face higher taxes? This was the Republican battle cry during the 2006 campaign. Let’s take a look.

There is no real clear answer and only time will tell. But here are couple things to think about. I believe the Democrats will not renew any new tax cuts for the upper class. Upper class defined as anyone making over $200,000 a year. Some would see this as a tax hike, your call?

Nancy Pelosi did say they are looking at tax cuts for the middle class? Ok, but what about an increase. Not likely, thanks to checks and balances we have in our government. Bush would never sign off on any new taxes. He needs to recover his party as much as possible in the next two years.

One thing is for sure congress will tighten up its belt on spending and start to find a way to work down the enormous national debt we have created in the last 6 years. The combination on 9/11 and the wars abroad have taken its toll on the national debt.

So what does that mean for you and me? Probably not much, but just like congress, the American family needs to pay more attention to its spending and find ways to quickly eliminate debt. If we want a strong country we need to have a strong financial health of the American family.  In the end we are all Americans and we all want the best for our families.

So let’s put the elections behind us and get back to Crushing Debt!

Technorati Tags: Virginia Senate Race, Election 2006, democrats, Nancy Pelosi, tax cuts, Bush, 9/11, national debt, American family

This entry was posted on Wednesday, November 8th, 2006 at 6:08 pm and is filed under General News . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.