President Obama Proposes to Raise Taxes by $1 trillion

ABC news reporter Jake Tapper reports that President Obama will be responsible for US$1 trillion of new taxes over the next ten years.

"President Obama's budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals."

For Obama to suggest that the government needs to raise more tax revenue is plain ridiculous.

The federal budget is already at the highest level in history. Why do they need to spend even more of our money?

The fact is, in order to properly perform its constitutional role, the government should be able to get by on just 10% of what they currently receive in tax revenue.

It's time that Americans demand that the President and Congress stop wasting our hard-earned money on their own personal pet projects designed to get themselves reelected, and let us keep the lion's share of our own wages.