There is not a majority in the House of Representatives to support a tax plan that would raise taxes on any taxpayers – not even the much-maligned “millionaires and billionaires.”
While President Obama and Speaker John Boehner are wrestling with whether or not they will agree to raise taxes, United Nations delegates partying in Doha, Qatar are planning to impose a new kind of tax on Americans.
What the White House is telling you is how it wants to raise taxes on high-income earners to raise revenue to run Washington.
Republicans need to stand for something and start defending conservatism not apologizing for it.
I'm in the camp that believes Republicans have no choice but to agree to raise taxes on the top 2 percent of earners. The party has been successfully caricatured as the servant of the rich. This is unjust, yes, but justice is imperfect in this life.
Peter Schiff, CEO of Euro Pacific Capital, asks the CNBC panel, "What's fair about that when medieval serfs pay 25%, I'm paying half?
The idea behind a grand bargain to get the federal budget deficit under control is a simple one. Republicans agree to tax increases and Democrats agree to spending cuts.
"This is silly. This is not a serious proposal obviously," Benson tells a CNBC panel.
"We're still waiting, by the way, for those spending cuts to kick in," he tells Neil Cavuto.
Today the GOP leadership is about to abandon their conviction to sign on to higher tax rates or revenues, while the economy is nearing stall speed.
"Everything is turned upside down," he tells Hannity.