Politics

Hoyer: Raising taxes a realistic option for cutting $12 trillion debt

4:12 PM 03/01/2010

interns

Tax increases may be necessary to rein in $12 trillion in federal debt, House Majority Leader Steny Hoyer (D-Md.) said Monday.

Hoyer emphasized the need to reform Social Security and Medicare, but also made it clear that raising taxes will have to be on the table.

“No one likes raising revenue, and understandably so,” Hoyer said in an address at the Brookings Institution. “But if you’re going to buy, you need to pay.

Full story: Hoyer: Raising taxes a realistic option for cutting $12 trillion debt–The Hill

Tags: Brookings Institution, Government, House Majority Leader, Maryland, Medicare, , , Steny Hoyer

thebigodoopedu2

I never really mind paying taxes. But, it can be a hard pill to swallow when they misuse our tax dollars as we have clearly seen during this administration.
oldguy5

Unfortunately the US was soooo unhappy with the Republicans that they voted in a lying cheap hood from Chicago. It seems that the Republicans have learned their lesson but the cheap hoods have not. They continue to spend and soon they will tax the hell out of all of us – Conservative and liberal alike. We in turn will vote them out and hopefully get lawamakers that listen to what the people really want. Tooo bad we will need to go through a lot of hard times before we get there.
- thebigodoopedu2
  
  You are absolutely correct in saying we have a long road to go before this is over. Plenty of damage will be done before this year is up.
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erick1740

The return of the Carter years, are we in for a hell of a bad ride. You get what you vote for.
independentvoter

and this is a surprise? Wait.. we will have taxes like NOTHING we have ever seen.. apparently Obama does not understand IF one tax direct or indirect is put in place for ANY reason that would also include a carbon tax.. it will effect the DEMS for life..
jsminch

Hey, President Obama promised that he wouldn’t raise taxes on the middle class. But Bush got us so deep in debt that he may have no choice. It’s not his fault, really, he’ll have to raise taxes for the good of the country. And if some expert, by-partisan panel tells him too, why, he’s be shirking his duty if he ignored him. It would be like disregarding the recommendations of the 9/11 panel and downright unAmerican.

But he doesn’t really want to, he never really wanted to. That was never, ever the plan from day one.

Really.
- thebigodoopedu2
  
  Nice support..you make a good mindless sheeple..but just in case you pop back to reality for a moment or so try to remember how many promises Obama has kept in the last 15 months.
  1. Transparency?….NO
  2. No pork/earmarks?. No
  3. Every tax payer 1200.00 refund chk the day he gets elected..LOL NO! but I do get my 12.00 a month..LOL
  4. Raising Taxes…ummm thats right your blaming bush for that.LOL..but NO! we pay hidden taxes on nearly everything we do thanks to Obama. And now more to come.
  5. Bi Partisan approach to getting things done…NOT EVEN CLOSE!.
  6. He will expose anyone that attaches pork spending on a bill this will not be tolerated!..not only is is tolerated it’s supported 100% by him.
  I have to be honest I can’t think of ONE thing he promised that he has accomplished.
  5.