FRONT PAGE CONTRIBUTOR
House Democrats: half-trillion tax hike for Obamacare.
(Via Texans for Sarah Palin) But it’s tax hikes for the wealthy (540 billion over 10 years), so that’s all right, right? At least, it’s tax hikes for the wealthy today. And what gets redefined as ‘wealthy’…
Key House Democrats decided Friday to raise taxes on the wealthy to help pay for health care legislation, capping an up-and-down week for President Barack Obama’s top domestic priority.
Democrats on the tax-writing Ways and Means Committee agreed to a new surtax that would start with households making $350,000 a year and begin in 2011, said the committee’s chairman, Rep. Charles Rangel, D-N.Y.
…well, that’s up to Charlie Rangel.
Have a nice morning!
Crossposted to Moe Lane.