All Commentary
Tuesday, March 2, 2010

House Majority Leader Puts Tax Increases on the Table

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 he 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.’” (The Hill, Tuesday)

I assume what he meant to say was “no one likes paying taxes” because Congress has never seemed to mind raising them.

FEE Timely Classic:
Withholding the Taxpayer Hostage” by Donald Boudreaux and Andrew P. Morriss