Barack Obama has apparently settled on a plan for Afghanistan, but he isn't going to tell us his plan until after Thanksgiving. All he can tell us is that we are going to "finish the job." Some officials believe that Obama will send somewhere in the ballpark of 34,000 additional troops to Afghanistan.
Now that he has waited almost 90 days to make this decision, the Congress gets to figure out how to pay for it. Their solution is to "pay as you fight." And when they say "pay," they are talking about you, the taxpayers.
The other day I told you about an idea of a surtax on the wealthy and corporations to pay for the war in Afghanistan. Well the idea is rapidly gaining support. The House's top tax writer, Charlie Rangel, is supporting the idea along with chairman of the Democrat party caucus, Rep. John Larson.
It is being called the "Share the Sacrifice Act." The bill will supposedly exempt anyone who has served in Iraq or Afghanistan since 2001. But, according to Politico, "middle-class households earning between $30,000 and $150,000 would be asked to pay 1% on top of their tax liability today -- a more sweeping approach than many Democrats have been willing to embrace." Wait, that doesn't sound like the evil rich? You are right. The House version of this bill would go even further than the proposed idea by Senator Carl Levin to levy an additional tax on the evil, filthy rich. Don't worry ... they will be paying even more than 1%, depending on how much money the Democrats need. But it is said that the amount could add up to as high as 10% in addition to all the taxes the evil rich currently pay.
Wait! I have a question! Many of the people who earn between $30,000 and $150,000 don't actually pay federal income taxes? After you get through with all the deductions and "refundable" tax credits their tax liability is pretty much zero. I would guess that means they won't be sharing the sacrifice all that much, will they?