Thursday, March 15, 2012

World Ending Sign #2: Republican Congressman Proposes Taxing the Rich

(I normally don't run this much political commentary even during a Presidential election, but this year is off the scale.)

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.

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.

“He’s watched the Gangs of Six and 100 and deficit commissions, as well as leadership’s budget and tax plan, and he feels there will never be a deal that will pass the Senate without a revenue component,” a Crawford aide said, describing the legislation without attribution because it has not yet been officially announced.


According to a source close to the Arkansan, the lawmaker “feels that if were going to make any progress in addressing the deficit and the debt eventually, then we need to find compromise.”

What's next, a Republican Gay Pride Parade?

ETA DH's comment: "What did you expect? An Arkansan knows you can't bring home the pork without slaughtering some pigs."

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