Its inconsequential who’s taxed. W/o real substantive spending cuts no amount of tax revenue is going to help.
Oh, I completely agree. There seems to be an argument to tax for the sake of taxing. Why hasn't anyone asked the question, what is the goal of our government, with all these new tax proposals? Is it strictly to pay down our debts, or is it to fund lots of new government spending ideas?
To your point, taxes alone will do nothing to bring down deficits without spending cuts. Without a negative slope on the budgets, we'll never eliminate our debts. In fact, we may not be able to get there anyway, paying all the interest owed.