Thursday, March 31, 2011

Democrats consider proposing TAX HIKES

Senate Democrats are discussing plans to introduce tax policy changes that they say would raise federal revenues and broaden the budget debate beyond discretionary spending cuts.

Democrats feel they have been boxed by Republicans into a debate over cutting discretionary spending, which accounts for a mere 12 percent of the federal budget.

Democratic senators say they have been fighting on the defensive, scrambling to protect social spending — such as that for the Women, Infants and Children nutrition program, Planned Parenthood and NPR — from GOP-proposed cuts. 
Democrats want to take the offensive and propose higher tax rates for millionaires, companies that move factories overseas and wealthy people who make charitable contributions.