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“Raising Revenue is Part of the Deficit Solution”; House Majority Leader Steny Hoyer

June 23, 2010

House Majority Leader Steny Hoyer (D,MD)

It will not happen right away because there are elections this November, but do not worry, the Democrats are coming for your wallet.

From AP;

A top House Democrat said Tuesday that tax increases will eventually be necessary to address the nation’s mounting debt, raising a difficult election-year issue as Democrats fight to retain control of Congress.

“In the short term, deficit spending has been necessary to stimulate the economy,but in the longer term — after the economy has improved — Congress will have to rein in spending and raise taxes to tackle the debt.”

The Democrats plan; buy as many Congressional seats as they can with an extension of the Bush tax cuts before the November elections, followed by new tax increased to “tackle the debt” in the new year.

“As the House and Senate debate what to do with the expiring Bush tax cuts in the coming weeks, we need to have a serious discussion about their implications for our fiscal outlook, including whether we can afford to permanently extend them before we have a real plan for long-term deficit reduction,”

Just to be contrarian, members of the GOP offered a smaller government, lower taxes approach.

Republicans argue that many of the high earners who would face tax increases under Obama’s plan are small business owners struggling to stay afloat in a tough economy.

This November comes down to a battle of two differing philosophies, more spending and higher taxes, or lower taxes, less spending on the other.

Which one will you choose?

5 Comments leave one →
  1. Larry permalink
    June 23, 2010 11:34 am

    Yeah, it’s NOT his money! The governments, local, state and federal do NOT have money–does anyone get that? The only “money” they have is what they STEAL from the taxpayer and we HAVE–NO–RECOURSE! What the hell ever happened to “no taxation without representation”?
    Our “elected” officials have long since stopped listening to the voters and go their merry own way blindly following the scumbag like of Pelosi, Reid, and Obama, not to mention the criminals behind the scenes.
    Why do you think Obama wanted a six-month moratorium on offshore drilling? It’s because his buddy, his bedmate, communist George Soros owns a major stake in the state-owned oil company of Brazil! Soros and his “crime inc” compatriots stand to make untold billions and raise the price of gasoline and other products made from oil; like plastics, pharmaceuticals, etc. through the frigging roof! Look what Obama is doing to the Gulf economy: he’s basically, by his actions, FIRING, oil industry workers by the thousands and let them fend for themselves, just like the rest of the folks in the United States put our of work by his communist policies by catering to all the far-left, progressive elements that helped get him elected.
    Everyone take note of this comment: WHO does Obama always give credit to when referring to whom he owes for getting him elected? NOT the poor, lied to people who voted for him. Hell no, he thanks the unions, the homosexual lobbies, the “greenies”, etc.
    THAT, my friends should indicate to you all just what Obama thinks of the American people.
    And last but not least, Obama is ILLEGALLY legislation from the Whitehouse when it IS the job of Congress, not him. Remember the separation of powers in the Constitution? Obama is WILLFULLY ignoring the Constitution, the Supreme Law of the Land, and he’s getting away with it. When the hell is everyone going to wake up and take the RIGHT course of action to stop this abuse of power, and us, RIGHT NOW? Wake up America, communism is only a day away!
    Representative Joe Barton had the right idea by apologizing to the CEO of BP in light of the abuse of the smoke and mirrors show Obama and the crooked Congress put on to make the American people think they “were on the job.” Screw Co ingress and DUMP—ALL—INCUMBENTS, except those you know are sticking to Constitutional principles and not being sheep and kissing Obama bin laden’s butt!
    Last-my apologies for those of you who don’t care for my “blue” language, but I am far past using words, no matter how meaningful they may be, to get someone’s attention. Sometimes you HAVE to use “attention getters” like “blue” language.
    ‘Nuff said.

  2. June 24, 2010 1:52 pm

    Watch out for the lame duck session after the November election. This is where the Dems will try their hardest to push through what they can. Including tax increases.


  1. A lesson in reasonable fiscal policy | Credit and Loan

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