As the House prepares to vote on the Democrat budget resolution, let’s take another look ^[1] at what the plan would mean for hard-working Americans:

• It raises taxes by $1.265 trillion over five years and $3.911 trillion over 10 years, or more than $3,135per household annually;
• It includes 17 reserve funds that could be used to raise taxes by hundreds of billions more;
• It increases discretionary spending by 8 percent and does not terminate a single wasteful program;
• It completely ignores the impending explosion of Social Security, Medicare, and Medicaid costs; and
• It does nothing to reverse the “hollowing out” of our defense forces.

Republican Study Committee Chairman Jeb Hensarling, during an appearance this morning on C-SPAN’s Washington Journal ^[2], emphasized the difference between the majority’s budget and the alternative that he supports.

[youtube]http://www.youtube.com/watch?v=WQcjXLqOhms[/youtube]

Analysis of the Democrats’ budget by Heritage’s Center for Data Analysis reveals the U.S. economy will suffer huge losses in GDP, job creation and personal income ^[3] if implemented. In Hensarling’s 5th congressional district in Texas, that means a tax increase of $1,848 per person and an additional loss of $1,770 in income. The budget would cost his district 2,197 jobs for a whopping $251 million.

So much for stimulating the economy.