Today, Thursday April 18, marks the day in 2013 that the nation as a whole has earned enough money to pay the total tax bill for the year, including taxes at the federal, state and local levels. According to the Tax Foundation, which named this day "Tax Freedom Day', Americans this year will pay $2.76 trillion in federal taxes, $1.45 trillion in state taxes, equaling almost 30% of American income.
"Normally, I'm excited to celebrate any holiday, but this one is a sad reminder that Americans are sending far too much of their hard-earned money to Washington to be spent on a bloated, wasteful budget," commented Congressman Kevin Brady of Texas, a senior member of the House Ways and Means committee. "What's worse is that this year's "Tax Freedom Day' comes a full five days later than it did last year. That means that Americans worked even longer to keep less of their own money."
"It's wrong that Americans have to work almost a third of the year just to satisfy the tax collector, and Republicans in Congress are working to change that," Brady continued. "Comprehensive tax reform, which will allow us to lower tax rates for every taxpayer, is a priority for Republican leadership on the Ways and Means Committee."
While the recent mild sequester cuts decreased the rate of spending in Washington, Brady believes that more can be done and that the President's call for higher taxes is the wrong solution. "The bottom line is that Washington has a spending problem. Everyone knows it. It's time to cut the waste and allow taxpayers to bring home more of their paycheck."