Schumer, Leahy, Boxer, Pelosi, Reid in Unison Budget Deficit Too High

[adios]

Do you think these folks will be proposing lots of spending cuts? I don't. Do you think these folks will be proposing income tax increases? I do.

Before we get the usual "they only want to raise taxes on the rich" response, let's define rich and then let's actually have a break down about which income groups pay what percentage of income taxes. After that let's quantify how much revenue the new income taxes will bring in, how much more will be needed in the outlying years, and what economic assumptions the estimates are based on. While we're at it, what is the desired income distribution? I'v stated this before, until politicians can tell me what their desired income distribution is I will support no increases in income taxes. I think this is a fair question and one that needs be answered before politicians ask people to make "sacrifices" by paying more taxes.