Democratic lawmakers made the rounds on the Sunday morning news shows with one talking point that most taxpayers won’t like – they’re not done raising taxes yet.
House Minority Leader Nancy Pelosi (D-CA) said that additional revenue must be included in upcoming deficit reduction deals, calling the “fiscal cliff” deal revenue “not enough” to solve the country’s problems in an interview on CBS’ Face the Nation.
“The President had originally said he wanted $1.6 trillion in revenue,” Pelosi said. “He took it down to 1.2 as a compromise in this legislation. We get $620 billion dollars, very significant, high-end tax, changing the high-end tax rate to 39.6 percent, but that is not enough on the revenue side.”
Pelosi wouldn’t get into specifics, but on raising taxes on high earners again she said, “I’m saying that’s not off the table.”
Meanwhile, Sen. Dick Durbin (D-IL) told CNN’s Candy Crowley on State of the Union that taxes on the wealthy “absolutely” could be raised.
“Do you think that taxes have been raised enough on the wealthy?” asked Crowley.
“I can tell you that there are still deductions, credits, special treatments under the tax code which ought to be looked at very carefully. We forgo about $1.2 trillion a year in the tax code, money that otherwise would go to the government,” Durbin said. “These loopholes where people can park their money in some island offshore and not pay taxes, these are things that need to be closed. We can do that and use the money to reduce the deficit.”
Durbin also said that an increase on gas taxes should be considered in the future.