They didn’t earn the label “tax and spend Democrats” by proposing tax cuts and responsible government, did they?
Democratic senators say they have been fighting on the defensive, scrambling to protect social spending — such as that for the Women, Infants and Children nutrition program, Planned Parenthood and NPR — from GOP-proposed cuts.
Democrats want to take the offensive and propose higher tax rates for millionaires, companies that move factories overseas and wealthy people who make charitable contributions.
So in order to protect the not very honest folks at Planned Parenthood and the downright biased folks at NPR, the Democrats are proposing a surtax on millionaires.
“There’s no reason why we should not have a surtax on millionaires,” said Levin. “The upper 1 percent has doubled their share of national income. They’ve gone from 8 percent to 17 percent, and middle-income people have taken a big hit.
“It’s fair that there’s a surtax on millionaires or that we not extend the upper brackets that the Bush administration got [for wealthy families],” Levin added.
That’s some great logic there — “There’s no reason why we should not have a surtax on millionaires…” How about “Because it’s not your money.” Or how about taking a look at what happened in deep blue Maryland when it tried imposing its version of Soak the Rich a couple of years ago. The millionaires disappeared. That tax worked so well that Maryland, deep blue Maryland, ended up scrapping it because it actually cut state revenue.
But go ahead, Democrats. Defend every last penny of discretionary spending while proposing big tax hikes. You’re writing the GOP’s commercials.