Home / News / Washington Free Beacon / Hoyer: Democrats Will Look to Raise Taxes Once Back in Power

Hoyer: Democrats Will Look to Raise Taxes Once Back in Power

Democratic Minority Whip Steny Hoyer (Md.) said if Democrats win the House this year, he's looking to raise "revenues," an apparent alternative way to say "raise taxes."

CNBC's Rebecca Quick asked Hoyer what Democrats would try to do to unravel or change the tax law should they win back the House in the 2016 elections.

The minority whip said Democrats will want to invest in jobs, infrastructure, and jobs skills.

Then, referencing the new tax cuts, which included a reduction in the corporate tax rate, Hoyer said, "we'll look at some of those resources going to people who are not going to use them to grow the economy."

"Is that raising the tax rate back again on the highest income earners?" Quick asked.

Hoyer avoided answering the question directly, saying Democrats would "look to revenues."

"I think certainly we'll look to have revenues as opposed to simply creating more debt," Hoyer said, adding that with current federal expenditures, Trump tax cuts will continue to raise the national debt.

The post Hoyer: Democrats Will Look to Raise Taxes Once Back in Power appeared first on Washington Free Beacon.

Original Article

Check Also

Manchin Will Vote to Confirm Pompeo

Democratic Sen. Joe Manchin (W.Va.) announced Monday he would vote to confirm CIA Director Mike Pompeo as secretary of state. Manchin made his intention known on Twitter, saying he had met with the Trump nominee and believes Pompeo has distinguished himself at the helm of the CIA and during his career in public service. "After meeting with Mike Pompeo, discussing his foreign policy perspectives, & considering his distinguished time as CIA Director & his exemplary career in public service, I will vote to confirm Mike Pompeo to be our next Secretary of State," Manchin tweeted. After meeting with Mike Pompeo, discussing his foreign policy perspectives, & considering his distinguished time as CIA Director & his exemplary career in public service, I will vote to confirm Mike Pompeo to be our next Secretary of State. — Senator Joe Manchin (@Sen_JoeManchin) April 23, 2018 Manchin's announcement echoes a similar decision made by Sen. Heidi Heitkamp (D., N.D.) on Thursday. Both Manchin and Heitkamp are Democrats facing tough reelection challenges in states President Donald Trump won overwhelmingly in 2016. The support of red-state Democrats will be vital in confirming Pompeo as Republicans hold a slim 51-49 majority in the United States Senate. Republican Sen. Rand Paul (Ky.) has maintained his intention to vote against Pompeo's nomination for the same reasons he opposed his confirmation as CIA director. Sen. John McCain (R., Ariz.) is absent from the Senate undergoing treatment for cancer, and Sen. Jeff Flake (R., Ariz.) is undecided. Manchin and Heitkamp were two of the 15 senators who crossed the floor to vote for Pompeo's confirmation to lead the CIA over a year ago. Last month, the president nominated Pompeo to replace Rex Tillerson at the State Department. The post Manchin Will Vote to Confirm Pompeo appeared first on Washington Free Beacon.

Leave a Reply

Your email address will not be published. Required fields are marked *