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Democrats are proposing a tax surcharge on people making more than a million dollars per year:
House Democrats are proposing a tax surcharge on millionaires to pay for a big increase in education benefits for veterans of the war in Iraq, lawmakers said Tuesday.
The plan, if accepted by rank-and-file Democrats, would clear the way for a vote Thursday on a long-stalled war funding bill that would pay for military and diplomatic operations in Iraq and Afghanistan into next spring.
Conservative “Blue Dog” Democrats blocked a vote last week over Democratic leaders’ attempts to add an additional $51.8 billion over the next decade for veterans education to the $183.8 billion war funding tab. They insisted on finding a way to pay for the new benefit without simply adding to the deficit.
“What we’re talking about is a one-half percent income tax surcharge on incomes above $1 million,” said Rep. Mike Ross, D-Ark., a leader of the Blue Dog group. “So someone who earns $2 million a year would pay $5,000. … They’re not going to miss it.”
And that, ladies and gentlemen, is how Democrats decide tax policy. “They won’t miss it.” That’s some good ol’ socialism there, Lou…
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[...] Brian sums up the ‘Rat tax policy - “They won’t miss it.” After all, the Left believes that all money is government’s. [...]
May 15th, 2008 at 6:00 amBy not missing that then what else would we not miss. The old slippery slope thing.
May 16th, 2008 at 4:40 pm