Vaguely reminds me of the income tax when it was started....it would only apply to the very rich...now look at it. Isn't it an amazing attitude when Congress says "they won't miss it"? Wealth redistribution is wonderful when it is someone else's money you are taking. Think about it...people have a difficult enough time giving to their church. Don't think for a moment that this new tax will stop at the very wealthy. It will hit us all eventually. Here is my idea - let's trim 1% off of all the government programs over $1 million. They will never miss it. Think that will fly?
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Democrats propose taxes to fund veterans' benefits
By ANDREW TAYLOR, Associated Press Writer Tue May 13, 7:59 PM ET WASHINGTON - 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." The $1 million income level would apply to couples. Individuals would pay the surcharge on income exceeding $500,000. The idea earned support from House leaders at a late afternoon meeting of top Democrats, including Speaker Nancy Pelosi of California. |
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