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Sunday, February 04, 2007

Not a Tax Increase -- Make Tax Cheats Pay

Tax cheats cost the U.S. government $350 billion annually, which is the difference between what is owed and what is actually being paid, according to the new chairman of the Senate Budget Committee.

The federal government needs to deal with its budget deficit and the chairman says collecting more revenue from taxes already legally owed it, he says.

"We’re not talking about a tax increase here. We’re not talking about increasing any rate. We’re talking about collecting the money that is due and owed under the current law," the chairman says.

Read the full story at our new sister blog, On The Hill.

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