President Obama said in his press conference last night that he favors the House’s proposed surtax on wealthy Americans.
From the Wall Street Journal:
President Barack Obama, looking to pay for his ambitious health-care plan and shore up public support, endorsed a surtax on families earning $1 million a year for the first time Wednesday.
“To me, that meets my principle” that the cost of overhauling health care is “not being shouldered by families who are already having a tough time,” he said at a prime-time White House news conference.
It has become a cliche to gripe about gridlock on Capitol Hill, but be careful what you wish for.
The opposite of gridlock is single party control of the levers of Government. And right now that means reckless spending funded by Chavezian confiscations of wealth.
This is not how America became the world’s only economic superpower. It became so by rewarding and incentivizing perseverance, productivity and prosperity, not by stigmatizing and punishing them.
Elections do indeed have consequences.
Educate yourself and then vote!
Related Posts:
- Surtax Talk, Or Around the Taxosphere in 80 Seconds
- Taxing the Rich Because You Can: The Beginning of Totalitarianism
- Democrats Propose Special Surtax on “Rich” to be Added to Obama Tax Increases
- Author Carl Hiaason is a Rich Guy Who Wants to Pay More Taxes
2 responses so far ↓
1 Healthcare Provisions found in Obama Tax Plan // Nov 2, 2009 at 1:19 pm
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2 Oregon’s Original Revenue Raising Idea: Tax the Rich // Jan 24, 2010 at 10:58 am
[...] Surtax on Rich Meets My Principles, Rich President Says [...]
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