Every Dollar the Rich Keep in Tax Cuts Comes from Poorer Pockets

[Tom Rinaldo]

4. Does anyone really believe the Republicans will agree to any other tax rise?

The only reason taxes are going to go up on some level of income over $250,000 a year is because the Bush tax cuts had a sunset provision - they automatically expire unless new legislation extends tjem. All the talking heads, from the President on down, say we really need to lessen the deficit by at least another 4 Trillion or so over ten years. Democrats already accepted a trillion in cuts last year. Republicans are already fighting tooth an nail to preserve tax cuts that they don't have the votes to pass again. So what are the odds that in further budget cutting measures they would actually pass new taxes into law in the Republican House?