Are you ready for a 60% tax hike?

In order to follow Obama's tax our way out of debt plan, every individual and business in the country will have to face a tax increase of 60%. Who's up for that?

(CNS News) – “The President tries to tax, to tax our way out of debt. Placing the burden on those earning more than $100,000,“ Rep. Tim Scott(R-S.C.) said on the House floor this morning.

“The problem sir, is a simple one, that if we were to tax these individuals 100 percent of their income we still could not cover our deficit this year alone. As a matter of fact, to tax our way out of debt we would need to increase taxes across the board on every man, on every woman and every business by 60 percent, you simply cannot tax your way out of this debt,” Scott said.