Federal Taxes Are Set To Double In 30 Years

“If we don’t end up reforming our ways, federal taxes will have to double within the next 20 to 30 years, just to stop the bleeding.”

- David Walker, former Comptroller General of the United States, president of the Peterson Foundation

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Barack Obama Plans To Raise Taxes

“Mr. Obama is proposing to use the tax code to substantially redistribute income — raising tax rates on a minority of taxpayers to finance tax credits and direct income supplements to millions of others. How much revenue his higher rates would raise depends on how much less those high-earners would work, or how much they would change their practices to shelter their income from those higher rates.”
Barack Obama Tax Increase

- Wall Street Journal

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