Obama’s Plan To Raise Taxes Would Cover Only Eight Days Of Government Spending
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 president 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 tack rates than in gaining economic vitality.
Wild Thing’s comment..…………………
The thing is Obama does not care if it would only pay for one day, he only cares that he wants to raise taxes.
Look at it this way. Raising taxes on the rich will cover their family and individual vacations. They could send their daughter and her friends to Europe next year instead of Mexico.