The CBO said letting the Bush tax cuts expire would single-handedly fix the deficit?

its not only rich people, everyone from you and I need to give up something. If we raise taxes on the rich up to everything that they earn we will only be collecting $500 billion a year which is not enough. We need to cut spending at the same time raising everyone's taxes from the Rich to you and me, and how we do this is go cut back on tax credits for families. The only problem is that it will affect the economy in that unemployment could increase.