It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
A freshman Republican congressman broke Thursday with his party's leaders by calling for a surtax on millionaires, a symbolic break with his own party's united front against new taxes of any sort.
Arkansas Rep. Rick Crawford announced in his district today that he would introduce legislation that would impose a 5 percent surtax on individual income exceeding $1 million per year.
His legislation would require passage of a balanced budget amendment in exchange. "I hope Republicans consider passing a balanced budget amendment important enough to allow asking millionaires to pay a little more on their income over $1 million," Crawford said in a statement, "And I hope Democrats will recognize this good-faith effort and stop blocking a balanced budget amendment that will fundamentally alter the way Washington spends taxpayer dollars."
Originally posted by sheepslayer247
reply to post by AwakeinNM
I am not for raising taxes on people in a perfect economy and government. But at least this Republican is willing to compromise with Democrats in order to get a balanced budget passed.
It's better than not budging at all and continuing down the road we are on. A balanced budget is a great first step.
Originally posted by babybunnies
The only way that USA is going to get close to a balanced budget is to expire the Bush tax cuts for everyone, which take up about a third of the current deficit.
This, combined with massive spending cuts in the military and many other unpopular areas such as medicare and social security is the only way to do this.
Life is tough when you're $15 trillion in debt and counting.
We need to stop compromising with these socialists.
Originally posted by sheepslayer247
reply to post by AwakeinNM
I am not for raising taxes on people in a perfect economy and government. But at least this Republican is willing to compromise with Democrats in order to get a balanced budget passed.
It's better than not budging at all and continuing down the road we are on. A balanced budget is a great first step.
Originally posted by sheepslayer247
reply to post by AwakeinNM
We need to stop compromising with these socialists.
Just because someone recognizes the problems of income desparity and tries to correct that in the form of taxation does not make them a socialist. All to often we are quick to use such words without expressing it in the proper context.
What you are advocating is a single-party system in which a single agenda is uncontrolled or balanced by dissenting opinion.
I would completely disagree with that and that is the sort of tyrannical fascism that has put us in the spot we are in today!
Originally posted by OldCurmudgeon
Tax increases are little more than an attempt to 'borrow oneself out of debt', which everyone knows does not work.
However, having said that, given the disproportionate rates pointed out by Warren Buffet and others, it is high time the greedy elitist pay a more equitable share.
Originally posted by Carseller4
Originally posted by OldCurmudgeon
Tax increases are little more than an attempt to 'borrow oneself out of debt', which everyone knows does not work.
However, having said that, given the disproportionate rates pointed out by Warren Buffet and others, it is high time the greedy elitist pay a more equitable share.
You're not talking about Buffet's $500,000 a year secretary are you?