Because the government needs more of our money to mismanage.Hillary Clinton called Monday for a 4 percent "fair share surcharge" on Americans making more than $5 million annually, the first of several proposals she plans to unveil this week aimed at ensuring the wealthy pay a higher effective tax rate than the middle class.
So that later she can jack down taxes on the lower class, further divorcing them from economic realities when they vote.
"Right now we're behind and we have to get the wealthy and the corporations to pay their fair share," the Democratic presidential front-runner said at a campaign rally in Waterloo, Iowa.
Corporations should neither pay taxes nor get involved in politics.
The measure would raise $150 billion in revenues over a decade, which would pay for some of her proposals aimed at creating jobs and rebuilding infrastructure, said a campaign official who asked not to be named. Clinton will introduce additional tax ideas aimed at the wealthy later this week, the official said.
I thought the gas tax was for rebuilding infrastructure during lean years.
Clinton previewed her proposals earlier this month, vowing she would "go beyond" billionaire Warren Buffett's plan to set the minimum effective tax rate for those earning $1 million per year at 30 percent.
Lunacy stacked on top of more lunacy. Great.
"As president, I'll do what it takes to make sure the super-wealthy are truly paying their fair share," Clinton said Jan. 2. The proposal from Buffett, who has endorsed her, is "one idea that would help achieve greater fairness in our tax system."
Flat tax. Done. So is the IRS.