House Democrat Minority Leader Pelosi Says Tax Hikes Must Be Part of Next Deficit Deal … Dems Look for Additional $1 Trillion in new Taxes in 2013
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And you bought the notion that Democrats just wanted to tax the rich … Obama, Pelosi, Reid and the Democrats have not even yet started to tax “We the People”.
House Minority leader Nancy Pelosi says that tax hikes must be a part of the next fiscal deal. Hmm, they have already taxed the rich and now they are coming after the rest. Never forget that Democrats want to tax your dreams as well. Elections have consequences and sadly too many suckers bought Obama’s class warfare rhetoric and now ALL Americans will face tax increases.
From The Hill, Democrats want nothing to do with cutting back their wasteful and over the top spending, they just want to continually tax We the People . At some point the American people need to take the credit card away from these children.
Democrats say they want to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending.
Democratic leaders have had little time to craft a new position for their party since passing a tax deal Tuesday that will raise $620 billion in revenue over the next ten years.
The emerging consensus, however, is that the next installment of deficit reduction should reach $2 trillion and about half of it should come from higher taxes.
This sets up tax reform as one of the biggest fights of the 113th Congress, which began on Thursday.
Republicans say tax reform should be revenue neutral. Additional revenues collected by eliminating or curbing tax breaks and deductions should be used to lower rates.
Senate Republican Leader Mitch McConnell (R-Ky.) has dismissed the possibility of negotiating additional tax increases.