Dem Reforms Not Attack on Wealthy: House Majority Leader

Democratic reforms, like rolling back Bush tax cuts and the health care bill, are not an attack on the wealthy, house Majority Leader Stony Hoyer (D-Md.) told CNBC Thursday.

Steny Hoyer on Financial & Health Care Reform

"It's not a question of sticking it to people, but it is a question to abandon the Bush policies that gave large tax cuts to the wealthiest in America and miniscule tax cuts to the average Americans," said Hoyer. That is not good for our economy, that's not good for our families, it's not good for our country."

Hoyer said everyone should pay their "fair share" because it will help the economy recover. "If you are doing very well, you need to participate in getting us back to where we need to be," said Hoyer.

Hoyer's comments come in the wake of the Democratic Party losing two senators and a governor in a span of 24 hours.

Wednesday Sen. Christopher Dodd (D-Conn.) and Sen. Byron Dorgan (D-N.D.) announced their retirement. Colorado Gov. Bill Ritter also announced his end for bid as governor.

In an election year where the Democrats face a growing public criticism over issues like healthcare reform and the nation's exuberant debt, the politicians' resignations underscores the potential threat of losing their grip on the majority.

Yet, Hoyer said he remains confident his party will remain the majority and he will continue to hold his post.

The Democratic Party will battle the grim sentiment by addressing public concerns and focusing on defect reduction.