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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJan Schakowsky to revive millionaire tax debate
"A leading liberal House Democrat will introduce a bill Thursday to hike taxes on millionaires, arguing it is needed to battle issues of inequality while pushing back against the idea that the country faces a fiscal crisis."
"The crisis that we face in this country is a crisis of equality, she said at POLITICO's Emerging Tax Leaders event on Thursday. I dont believe we have a huge deficit problem; I dont think we have a scarcity problem. We have a problem of inequality.
"The proposal is dead on arrival in the GOP-controlled House, but it represents a continuing concern among liberals that the debate in Washington is focusing on how to cut spending, particularly in programs such as Medicare and Social Security, rather than boosting taxes on the wealthy."
http://www.politico.com/story/2013/04/jan-schakowsky-millionaire-taxes-debate-90628.html
AndyA
(16,993 posts)If millionaires paid the same percentage of their income in taxes that most Americans do, it would go far to addressing the debt. Schakowsky is correct when she says we have a crisis of inequality in this country. The rules are written for those with plenty of plenty, and the majority--with plenty of nothin'--get nothin'.
lunasun
(21,646 posts)over Head Start , Meals on Wheels etc.
I really like Schakowsky too
hedda_foil
(16,375 posts)She was my rep when I lived.in Evanston. Now my "representative" is Peter Roskam.
how could you leave the 9th? i couldn't stand it.
#1 jan fan here.
lunasun
(21,646 posts)emulatorloo
(44,172 posts)hughee99
(16,113 posts)Yes, she's correct that we have and "equality problem", but I don't think you get most Americans to agree by telling them we need to hike taxes on millionaires NOT because the government needs the money, NOT because they're not paying their fair share, but simply because the government thinks they have too much money.
lunasun
(21,646 posts)lumberjack_jeff
(33,224 posts)The GINI index in the USA is amazingly bad.
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This year, the USA will pass Mexico (home of the world's richest man) in inequality.