The one part that stuck out was the line "closing loopholes that prevent wealthy companies and individuals from paying a fair share." Um... what? Just how much is a "fair share"? What exactly is a "wealthy individual"? I guess, based on the 2008 election, a wealthy individual is one who makes more than $250,000/yr. Now, for everyone who makes more than that, how much of the income tax revenues to the federal government should they contribute? Well, according to the National Taxpayer's Union (http://www.ntu.org/main/page.php?PageID=6), the top 1% are those making more than $388k/yr (as of 2006) and top 5% is greater than $153k/yr. The percentage they paid in total income tax revenue, for 2006, were 39.89% and 60.14%, respectively.
The Tax Foundation, (http://www.taxfoundation.org/news/show/250.html) also agreed, basing the data off of http://www.irs.gov/taxstats/indtaxstats/article/0,,id=133521,00.html. Hey, it's an irs.gov site, so you know it's gotta be legit. The Tax Foundation is a self-described, "The Tax Foundation is a nonpartisan tax research group based in Washington, D.C".
So, back to my original question: How much is a "fair share"? Good luck getting a politician to give a straight answer on that one. Then again, most of these politicians make more than $250k/yr. So, until they voluntarily pay more taxes themselves, I cannot and will not believe them when they say, "the rich must pay their fair share."