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Friday, June 08, 2007

Democrats Seek to Punish Success

The Washington Post reports Democrats in Congress want to take money from one economic classification and give it to another.

House Democrats looking to spare millions of middle-class families from the expensive bite of the alternative minimum tax are considering adding a surcharge of 4 percent or more to the tax bills of the nation's wealthiest households.

Under one version of the proposal, about 1 million families would be hit with a 4.3 percent surtax on income over $500,000, which would raise enough money to permit Congress to abolish the alternative minimum tax for millions of households earning less than $250,000 a year, according to Democratic aides and others familiar with the plan.

Why not just end the class-warfare AMT, period? Well, that would put Americans, regardless of income, on a footing that was far too equal for these congressional Marxists.


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