April 10, 2011
SO OBAMA’S PEOPLE ARE TALKING TAX INCREASES AGAIN. Here’s my proposal: A 50% surtax on anything earned within five years after leaving the federal government, above whatever the federal salary was. Leave a $150K job at the White House, take a $1M job with Goldman, Sachs, pay a $425K surtax. Some House Republican should add this to a bill and watch the Dems react.
UPDATE: Should we also provide that salaries paid to former government officials aren’t deductible for corporations? Or is that going too far? I say: Put it in as a negotiating point!