Democrats plan another $1 trillion in taxes

Pelosi says last week’s $620 billion ‘is not enough’

You may notice a smaller total in your first paycheck for 2013,

dripping_red_ink

because the “fiscal cliff” deal allowed a tax break for working people to end, and Social Security taxes to rise. It was part of the $620 billion in increased taxes Barack Obama was given by Congress just last week.Critics warned at the time he’d be back for a lot more of your paycheck.

 Now Obama’s party has confirmed that, with several members explaining their demands for another $1 trillion in tax increases on Americans.

“We’ve done about $2 trillion. I thought $4 trillion is the goal we should reach. I think we’re about halfway there. We need another $2 trillion,” said Sen. Ben Cardin, D-Md., a member of the Finance Committee, in a report in The Hill.

He explained what already was done, claiming a $917 billion cut in spending under the Budget Control Act from 2011, and last week’s $620 billion in new tax revenue. He said the interest and related numbers affected makes that package add up to about $2 trillion.

He said another $2 trillion is needed, of which $1 trillion needs to be in additional taxes.

The report said Sen. Jon Tester, a Democrat from Montana who won a close re-election in November, has called for similar numbers.

In a report in Politico, ex-House Speaker Nancy Pelosi, D-Calif., noted Americans simply aren’t paying enough. The $600 billion-plus “is not enough on the revenue side.”

Read more at http://www.wnd.com
.