Ah yes class warfare at it’s best. None of these nimrods care about one thing… soaking the rich(of which all of these folks are) ever works. Why? They have the ability to move themselves and/or their wealth offshore. These fools know good and dern well that this strategy isn’t going to work because it has already failed many times over. It is great for getting the rest of the country to vote for them. That is all this tactic is good for…it is the “rich” who are the job creators in this nation.
Democrats and Republicans agree: People with higher incomes must pay more.
Democrats want upper-income people to pay more in taxes, but don’t want upper-income people to pay more for their Medicare benefits.
Republicans want upper-income people to pay more for their Medicare benefits, but don’t want them to pay more in income taxes.
A House-Senate conference committee is looking to upper-income people as it tries to find the money to offset the cost of a payroll tax cut package, which includes extended unemployment benefits.
A compromise that combines a bit of each (higher income taxes on the rich and higher Medicare premiums) seems unlikely.
For the Democrats, Sen. Bob Casey, D- Pa. has proposed a surtax on the rich to help pay for the payroll tax cut package.
Last year Casey’s proposed 3.25 percent surtax on incomes over $1 million failed to get the 60 votes it needed to advance in the Senate. He has now lowered his threshold, calling for a 1 percent surtax on any income over $1 million, which he said would raise about $76 billion, offsetting almost half the cost of a payroll tax cut package.