Tax Terrorists, Not Americans
J.D. Foster /
As President Obama pondered anew his strategy for winning the war on terror in Afghanistan, the antiwar crowd unleashed an odd new tactic to force a retreat: a tax. Not a new tax on the terrorists which, while obviously uncollectible, would at least be properly targeted. And, thankfully not a new tax on the men and women leading the fight. The far left, as explained by Senator Levin in a November 20 interview on Bloomberg Television, is targeting Americans making more than $250,000 with a new surtax.
As with most slippery slopes, Politico reported this morning that some policymakers just introduced a “Share the Sacrifice Act.” Going a step further than Levin, this bill would tax middle-class households earning between $30,000 and $150,000 and force them to pay 1% on top of their tax liability.
The left’s approach to tax policy is nothing if not consistent. When it comes to taxing family farms and small businesses, investors and professionals, their approach is reminiscent of a famous poem, “How can I tax thee, let me count the ways”. (more…)