The Democrats in Washington released their budget this week, and for the first time we get a look at their definition of "rich".
Leaders of the Congressional majority and the two Democrats running for President admit they want to raise taxes, but claim they are only targeting the wealthy among us. It seems there is a striking disconnect between their speeches and their newly announced plan.
Under the Democrat budget, the rich include single workers who earn $34,000 a year. Their plan labels couples with children making $63,000 "rich", and paves the way for a tax increase on single mothers who earn $45,000.
If the Democrats' plan were to pass, 7.8 million low-wage earners who now pay no taxes at all would be added to the tax rolls.
In total 43 million families would be hit with a massive tax increase averaging $2,300.