Harry Reid Believes S&P's Downgrade Supports Dems Call For Revenue Increase
by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Liberty -vs- Tyranny In a nutshell folks get ready for the biggest TAX increase you likely have witnessed in your lifetime. The taxing party of America will be peddling "good ole Harry's" line for sometime to come. That would be until they get the tax increases they have been salivating for since Obama extended the Bush tax cuts. The Hill Standard & Poor's decision to downgrade the nation's credit rating reinforces Democrats' call for increasing tax revenue, Senate Majority Leader Harry Reid (D-Nev.) said Friday. In a statement, Reid said: The action by S&P reaffirms the need for a balanced approach to deficit reduction that combines spending cuts with revenue-raising measures like closing taxpayer-funded giveaways to billionaires, oil companies and corporate jet owners. This makes the work of the joint committee all the more important, and shows why leaders shoul...