We need to raise taxes, but do it fairly. And leave existing Roth IRAs alone.

Contributing sentiments towards policy:

61% : Cutting taxes was easy and fun - like when we first made the child tax credit partially refundable in 2001.
58% : And the process by which taxes are increased must be fair.
55% : In 2009 and 2010, Democrats fully paid for the Affordable Care Act, and half of those offsets were tax increases, including new taxes on investment income.
53% : Withdrawals from a Roth IRA currently are tax-free because their contributions were made with after-tax dollars.
50% : But taxes are somewhat more palatable if they are perceived as fair.
46% : Raising taxes was not, and at the Finance Committee we worked hard to make sure that the tax bills we wrote were fair.
45% : They were only applicable to income earned after the law took effect, and we did not change the rules to require changes in accounts that triggered income tax.
45% : With rising income inequality, it makes sense to raise taxes on the wealthy, even on some of their retirement income, to help pay for the legislation.
41% : When I chaired the Senate Finance Committee off and on from 2001 to 2013, I both lowered and increased taxes.

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