Dem Leader Calls for Tax Increase on 99 Percent of Americans
They can never loot enough from the American people:
“Closing loopholes is like getting rid of fraud, waste, and abuse — it sounds nice, until you’ve got to deal with it politically,” Hoyer said on MSNBC. “I was for the Clinton rates. I’m for the Clinton rates, today. Now, I wouldn’t phase in the Clinton rates immediately, because the economy is still trying to get back, so I would perhaps go at least another year until you get the full Clinton rates.”
A return to the Clinton tax rates would be a significant rate hike on 99 percent of Americans, as these numbers from the Tax Foundation show.
See the charts here.