Well, not for every American -- only for those who work. Low-information Obama-voting government dependents will still be exempt.
House Minority Whip Steny Hoyer, D-Md., called for an income tax increase on the 99 percent of Americans whose rates did not go up under the fiscal cliff deal, a hike that he proposed alongside entitlement reforms as part of a “balanced” plan to resolve the country’s fiscal crisis.
“Closing loopholes is like getting rid of fraud, waste, and abuse — it sounds nice, until you’ve got to deal with it politically,” Hoyer said on MSNBC. “I was for the Clinton rates. I’m for the Clinton rates, today. Now, I wouldn’t phase in the Clinton rates immediately, because the economy is still trying to get back, so I would perhaps go at least another year until you get the full Clinton rates.”
Now you may not realize what "full Clinton rates" means. That means completely eliminating the so-called "Bush tax cuts for the wealthy" that were actually tax cuts for every American who paid income taxes under the "Clinton rates". It means that Hoyer is advocating for the very tax rates that Obama and the Democrats insisted would be harmful to American families just a few weeks ago when they were set to expire at the turn of the year -- rates that were declared to be harmful to the economy and to working American families. In other words, it is exactly what we Republicans have been pointing out consistently as the Democrat plan -- tax increases for everyone, not merely "the wealthiest Americans".
Here's what the "full Clinton rates" would mean.
Current tax rates (including the recent tax increase in the wealthy):
15 percent: $8,925-$36,250
25 percent: $36,250-$87,850
28 percent: $87,250-$183,250
33 percent: $183,250-$398,350
35 percent: $398,350-$400,000
39.6 percent: $400,000 –
The tax rates in 1999 (adjusted for inflation):
15 percent $0-$34,999
28 percent $34,999-$84,731
31 percent $84,731-$176,795
36 percent $176,795-$390,213
39.6 percent $390,213 —
Can your budget absorb that change? Mine can't.
So as you can see, when you hear Democrats talk about "tax fairness" for "the wealthiest Americans", what they mean is "tax increases for every American with a job." You know -- just like the 2.2% tax increase American workers got courtesy of Obama and the Democrats on January 1.