Citizens for Tax Justice, Tax Proposals in President Obama’s Fiscal Year 2012 Budget:
While the President’s budget does include many laudable proposals to raise revenue, these don’t come close to offsetting the revenue losses from the tax cuts that he proposes. Congress should approve a budget resolution that raises at least as much revenue as the President’s budget outline, and should plan to raise much more revenue in the future. To achieve that goal, Congress should consider allowing most or all of the Bush tax cuts to expire.
