It seems that the republicans are beginning to consider the option of raising taxes on the wealthy. Republican speaker John Boehner stated on Wednesday that one places we will get revenue will come from the top 2% of Americans. What he proposed was to cut the loopholes for the very rich, effectively raising the amount that they pay on income tax. While it is true that that is not raising the taxes on the wealthy, they will still pay more than they currently pay.
A full 22,000 households that made more than $1 million in 2009 paid less than 15 percent of their income in income taxes — and 1,470 managed to pay no federal income taxes on their million-plus-dollar incomes, according to the IRS. This is unacceptable, we cannot allow the very rich to pay a smaller percent income tax than the middle class. Many people want there to be a higher income tax rate on the wealthy than there is on the middle class but we can not let that happen either. If we were to have there be higher tax rates on the wealthy, we would be punishing them by making them pay a higher percent for being successful. We cannot live in a country that punishes success.