Not Satisfied With Latest Tax Hike… Democrats Want To Introduce Another Trillion Dollar Tax on Americans

Back in 2008 Barack Obama said it was hurtful to raise taxes during a recession.
He also spoke out about the negative affects of running a high deficit.

But that was four years ago.
Democrats just raised taxes on 77% of American households with the fiscal cliff bill.
Now they want another trillion dollar tax hike.
The Hill reported:

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 10 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.

Comments