BLITZER'S BLOG: When is a tax increase not a tax increase?
June 24th, 2011
04:19 PM ET
3 years ago

BLITZER'S BLOG: When is a tax increase not a tax increase?

Washington (CNN) – I guess we shouldn’t be too surprised that Vice President Joe Biden’s efforts to work out a deficit reduction deal with House Majority Leader Eric Cantor and Senate Minority Whip Jon Kyl collapsed over the issue of raising taxes on the wealthy.

Republicans are firmly opposed to raising taxes on anyone. Democrats want to see those families making more than $250,000 a year pay more income tax.

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Filed under: Deficit • Eric Cantor • TV-The Situation Room
soundoff (26 Responses)
  1. Peter E

    Yes, let's keep up tax subsidies for Wall Street, multi-billion-dollar profit oil companies while gas prices are outrageously high, farmers who don't grow anything, and of course keep megachurches free of taxes despite multi-million dollar businesses they hold.
    Oh, and blame the poor and working classes who make up 40% of America while allowed to earn less than 5% of the wages in America, all the while being the actual PRODUCTIONERS of the wealth that the top 5% gets their wealth from!

    June 24, 2011 05:48 pm at 5:48 pm |
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