Obama Says He Would Accept a Surtax on High Incomes

The New York Times reports:

President Obama said on Thursday that he was “comfortable” with a Senate proposal to pay for his jobs legislation with a tax surcharge on income above $1 million.

“I’m fine with the approach they have taken,” Mr. Obama said when asked at a news conference about the tax proposal put forth by Senate Democrats to cover the $445 billion cost of a jobs proposal that would, among other features, lower payroll taxes on workers and employers. He said Congress would still have to make other changes to the tax code as part of a broader program to reduce the deficit over the next 10 years.

Theft through majority voting.