Thursday, March 31, 2011

Democrats consider proposing tax hikes

The Hill reports:
Liberals such as Sens. Bernie Sanders (I-Vt.) and Carl Levin (D-Mich.), who still chafe over an $858 billion deal President Obama struck with GOP leaders to extend the George W. Bush-era tax cuts for the wealthy, favor a surtax.

“There’s no reason why we should not have a surtax on millionaires,” said Levin. “The upper 1 percent has doubled their share of national income. They’ve gone from 8 percent to 17 percent, and middle-income people have taken a big hit.

“It’s fair that there’s a surtax on millionaires or that we not extend the upper brackets that the Bush administration got [for wealthy families],” Levin added.
Theft by majority voting.You'll notice that The Hill doesn't want to call comrade Sanders a socialist.