June 7th, 2012
10:02 PM ET

Rep. Van Hollen calls for the GOP to violate the Norquist tax pledge

Federal Reserve Chairman Ben Bernanke testified today that Congress must act to avoid sending America over a fiscal cliff next year.

The country is facing something of a perfect storm of financial problems at the end of this year: the Bush Tax Cuts are set to expire, payroll taxes are set to rise, up to six million Americans will lose their unemployment benefits, and the so-called sequestration cuts – $1.2 trillion in service and defense cuts that the Super Committee failed to find a way around last fall – are going to kick in.

Rep. Chris Van Hollen (D-MD) is the top Democrat on the House Budget Committee, and he comes OutFront to discuss what Congress needs to do.

Filed under: Economy • Politics
soundoff (2 Responses)

    Van Hollen says the same thing all the time. We need more revenue. They and the current Administration have a spending problem and our country is being lead in the wrong direction.

    June 7, 2012 at 11:21 pm | Reply
  2. calf18

    Did Rep. Van Hollen just say: tax cuts that show "progressivity" - that's not a word!!

    June 7, 2012 at 11:15 pm | Reply

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