Insatiable: Dems Look for More in Taxes
Fresh off a victory in the Congress, Democrats are now planning a way to kick the looting into high gear. According to The Hill, the left wants a trillion dollars in new taxes, and they want it now:
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.
Rep. Nancy Pelosi was on the Sunday shows this weekend, and she offered the usual details:
Interviewed Friday by Bob Schieffer, host of CBS’s “Face the Nation,” Pelosi was asked if the “revenue side” of the fiscal cliff is finished. Revenue means higher taxes to Democrats.
“No, no, it is not,” Pelosi replied. “I mean, the president had said originally he wanted $1.6 trillion in revenue. He took it down to $1.2 as a compromise. In this legislation (fiscal cliff) we had $620 billion, very significant, high-end tax — changing the high-end tax rate to 39.6 percent. But that is not enough on the revenue side.”
“Are you talking about more taxes?” Schieffer asked Pelosi.
Yes. That’s exactly what she is saying. How is that hard to understand?
Of course, she couldn’t just say that. Instead, she masked in Newspeak:
“We’re talking about looking at the tax code, putting everything on the table from the standpoint of closing loopholes — and we know that we can do that — special subsidies for big oil, for example, $38 billion right there.”
Chris Van Hollen and Sen. Dick Durbin were also on board for more taxes.
Can someone show me a Democrat who isn’t for more taxes?