TAX INCREASES CAN'T SOLVE THE DEFICIT
IT'S A SPENDING PROBLEM STUPID
Current Taxation: In 2010, the federal government collected
roughly $2.2 trillion in total tax revenue. Income taxes accounted for
$900 billion of collections, or about 40% of all tax receipts. The
federal government spent around $3.5 trillion; the resulting deficit of
$1.3 trillion was made possible by borrowing.