Congressional Democrat-Socialists today proposed a new surtax on millionaires, to help pay for ObamaCare
House Ways & Means Committee Chairman Charlie Rangle, D-NY just last week proposed raising other taxes on Americans whose adjusted gross income is more than $280,000 annually.
Bills of this nature strike at those who are creating wealth, jobs and opportunities, raising taxes during a recession is just plain dumb, resulting only in fewer jobs, growth and favorable circumstances in which employment is created.
Increasing tax burdens on American stun opportunities and likely will only result in a deepening of the worsening recession which Hope-n-Change today acknowledged, unemployment which currently stands at 9.5% will likely continue rising.
More here The Ugly Income Tax Math from Wake Up America