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House Dems Consider New "Surtax"

By Philip Klein on 7.7.09 @ 11:43AM

Struggling to find ways to pay for health care legislation, Democrats are now considering creating a new surtax on Americans earning over $250,000, Bloomberg reports. The surtax would be on top of the tax hike that is already anticipated at this income level in 2011 when the Bush tax cuts are allowed to expire, and would hit small business owners who declare business income on their personal tax returns. Sounds like a great policy to pursue as the unemployment rate races toward the double digits.

Comments

Oldefarte| 7.7.09 @ 12:27PM

Obama and Democrats are [and will] raise taxes anyway possible in order to pay for their welfare-stimulas bill, their proposed welfare-healthcare bill, and their proposed cap-and-trade electricity-tax bill--------it's called 'socialism', folks!!!!

Old Texican| 7.7.09 @ 1:33PM

Hi Olde fart
Let me gently say more.

This is a communist revolution attempt.

Pingback| 7.7.09 @ 2:16PM

AmSpec « Sister Toldjah links to this page. Here’s an excerpt:

AmSpec « Sister Toldjah All about life, liberty and the pursuit of hopeiness. Home About Contact Site Policy Media Retro “Fanmail” Endorsements AmSpec House Dems Consider New [ObamaCare] “Surtax” 0 Quinn Uni Obama’s Approval Drops In Ohio 0 AIM The Cost of Controlling The Press 0 Politico Republicans land top [Senate] recruit in New Hampshire 0 Bloom berg Obama