But reduce spending to make up for it...don't soak the rich.
If you soak the rich, tax revenues decrease because production decreases. Get it,Rangel?
If we couldn’t reduce spending when the GOP had iron-fisted control of all branches of the government, we’ll never be able to reduce spending.
The only way to reduce spending is to increase taxes on everybody. As long as we run deficits, cook the books and assorted financial nonsense, we make the government spending look “cheap.”
And when something is cheap, people tend to use more of it. When we increase taxes to reflect the true cost of government, then and only then can we begin a serious reduction in the size of government.