Sunday, October 30, 2011

Tax the rich

Last year when the Democrats had large majorities in both the house and the senate a proposal by Senator Bernie Sanders of Vermont and Representative Jan Schakowsky of Illinois to raise the tax rate from 35% to 45% on income over one million dollars was presented. This was rejected by the Democratic majorities before it was even put to a vote. After the election when the Republicans took control of the house the Democrats then put forth a plan to raise taxes on millionaires knowing that the Republicans would oppose it and then they could say the Republicans refuse to the tax the rich.

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