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Sorry, GOP: Tax revenue needs to go up

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Sorry, GOP: Tax revenue needs to go up

Post by Guest on Sun Mar 27, 2011 5:10 pm

While Republicans portray President Obama as the biggest of big spenders, in fact the driving force behind the big deficits in his 2012 budget proposal isn't spending. It's his proposed tax cuts, and the increased interest costs that result, according to an analysis by the independent Congressional Budget Office. "Instead of promoting economic growth and competitiveness, our current code drives up health care costs and provides special treatment to special interests. The code presents individuals and businesses with perverse economic incentives instead of a level playing field," the commission wrote in its final report.

http://money.cnn.com/2011/03/25/news/economy/tax_increase/index.htm

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