Saturday, July 25, 2009

David Sirota Nails It

http://www.salon.com/opinion/feature/2009/07/25/sirota/

To review: With 22,000 Americans dying each year because they lack health insurance, Congress is considering universal healthcare legislation financed by a surcharge on income above $280,000 -- that is, a levy almost exclusively on 1-percenters. This surtax would graze just 5 percent of small businesses and would recoup only part of the $700 billion the 1-percenters received from the Bush tax cuts. In fact, it is so minuscule, those making $1 million annually would pay just $9,000 more in taxes every year -- or nine-tenths of 1 percent of their 12-month haul.

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