The problem is spending, not revenues. There is no shortage of revenue. There has been a huge surge in entitlement spending. Spending has increased dramatically under Obama and his administration. Raising taxes to support this spending does not put the country on the right course for economic recovery or a substainable future.

We need a strong economy to increase revenues to support the federal coffers to cover downsized government spending at sustainable levels. Keeping the current tax policy is not a tax cut.

Raising taxes will provide a very, very modest boost to revenue and do nothing to offset the spending and entitlement problems the remaining working taxpayers are facing.

Raising taxes will slow the economy. Raising taxes on work and investment will mean less work and investment. True small businesses will be negatively impacted with the proposal to increase their taxes. That is something we can't afford in this country with the unemployment rate looming at near 10 percent.

The trillion dollar stimulus Obama passed didn't stimulate the economy like he promised and now he is playing cover-up and a blame game instead of admitting he was wrong. I can't see how increasing taxes on hard working Americans and entrepreneurs will help Americans get back to work or help the economy recover.