Need to Know
November 28, 2012 7:09 AM
Obama's tax hikes would pay for 8 days of spending
Posted by Staff
The Washington Free Beacon reports:

Obama 'more interested in raising tax rates than in gaining economic vitality'

ANDREA MITCHELL: There are reliable studies that show you can’t cap enough deductions and level the playing field enough to raise the kind of revenue you need. We’re talking about a trillion and a half dollars here.

TOM PRICE: You know well, Andrea, that the president’s plan to increase taxes on the upper 2 percent covers the spending by this federal government not for eight years, not for eight months, not for eight weeks but for eight days. Eight days only. It’s not a real solution. So, again, I’m puzzled by an administration that seems to be more interested in raising tax rates than in gaining economic vitality.
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