The GOP is willing to raise middle class taxes to
protect the very rich. Not even Grover Norquist can justify that
For example, rank-and-file House Republicans are willing to
increase taxes on the middle class starting in a few weeks in order to avoid a
tax increase the very rich.
Here are the details: The payroll tax will increase 2 percent
starting January 1 – costing most working Americans about $1,000 next year –
unless the employee part of the tax cut is extended for another year.
Democrats want to pay for this with a temporary – not permanent
– surtax on any earnings over $1 million, according to their most recent
proposal. The surtax would be 3.25 percent.
This means someone who earns $1,000,001 would pay 3 and a
quarter cents extra next year.
Relatively few Americans earn more than a million dollars, to
begin with. An exquisitely tiny number earn so much that a 3.25 percent surtax
on their earnings in excess of a million would amount to much. Most of these
people are on Wall Street. It's hard to find a small business “job creatorâ€
Login
FAQ
Search
sooz06
