Chris Van Hollen: Republican Budget Is "Romney Plan On Steroids"
DAVID GREGORY, "MEET THE PRESS" MODERATOR: But aren't you also building something that's false in the political climate that Republicans face? I mean, here the Senate budget requires more tax increases, roughly $1 trillion. You know how difficult it is for your colleague here to go back to Bakersfield or other conservatives to go back to their districts and play, "We need more tax increases," when there simply isn't support for that.
REP. CHRIS VAN HOLLEN (D-MD): Well, David, two things. 1) the Senate Democratic plan has less tax revenue embedded in it than the bipartisan Simpson-Bowles plan. Number one. Number two, Republicans, in their budget, say there are about $5.7 trillion in tax breaks that you can eliminate.
Their plan would drop the top rate from 39% to 25%. They claim that they're going to make that up by just taking away deductions from the wealthy, but the reality is they're going to be raising taxes on middle income taxpayers. Family will pay $2,000 more in order to finance tax breaks to the very wealthy. It's like the Romney plan on steroids.
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