Kent Conrad: Obama isn’t asking for enough in tax hikes

“What seems to be lacking to me is any sense of perspective in these discussions,” he said. “[The White House proposed] $1.6 trillion in revenue and people say, ‘Oh my god, $1.6 trillion, that’s a huge tax increase.’ The latest number is in the $1.2 trillion range, but how much are we going to raise over the next 10 years? Over $37 trillion with no change, so that’s 3.2 percent of what we’re going to raise.

“We can’t have a 3.2 percent increase in revenue? We’ve got a revenue level near a 60-year low as a share of [gross domestic product], and we can’t increase the revenue by 3.2 percent over next 10 years to get the deficit under control?”

Rob Port is the editor of In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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