Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: i-node who wrote (648098)	3/16/2012 2:29:43 AM
From: bentway	Read Replies (1) of 1583424

A crack in the GOP's anti-tax wall By Steve Benen - Thu Mar 15, 2012 1:56 PM EDT About five months ago, during Senate debate over the proposed American Jobs Act, the White House and nearly all congressional Democrats rallied behind a popular financing option: invest in job creation and create a surtax on millionaires and billionaires to pay for it. Senate Republicans, not surprisingly, ignored polls showing broad national support for the idea. The Democratic surtax measures died at the hands of a GOP filibuster. In an unexpected development, however, a conservative House Republican has apparently decided to break ranks on the issue. Freshman Republican Rep. Rick Crawford will propose a surtax on millionaires Thursday morning, a crack in the steadfast GOP opposition to extracting more money from the nation's top earners. The *Arkansas Republican* will unveil the plan during a local television interview Thursday morning, and plans to introduce legislation when the House returns next week, according to sources familiar with his thinking. Crawford will propose the additional tax -- expected to be north of 2.5 percent -- on individual income over $1 million as part of a broader fiscal responsibility package. To say this is unusual is an understatement. Thanks in part to Grover Norquist's pledge, Republican anti-tax rigidity has been unyielding for many years. GOP officials are occasionally comfortable recommending federal tax increases on low-income families who are not currently eligible to pay a federal income tax; and will sometimes consider new "revenue" so long as taxes remain unchanged; but for a Republican to ask the wealthy to pay a little more is unheard of in recent decades. It makes Crawford's proposal a breakthrough moment -- or at least, a possible breakthrough moment. There are a couple of catches to keep an eye on. Continue reading this entry ...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next