IPFS News Link • WAR: About that War
Upper-Bracket Tax May Be Needed for Afghan War Cost, Levin Says
• Bloomberg.comNov. 21 (Bloomberg) -- Higher-income Americans should be taxed to pay for more troops sent to Afghanistan and NATO should provide half of the new soldiers, said Carl Levin, chairman of the Senate Armed Services Committee.
An “additional income tax to the upper brackets, folks earning more than $200,000 or $250,000” a year, could fund more troops, Levin, a Michigan Democrat, said in an interview for Bloomberg Television’s “Political Capital With Al Hunt,” airing this weekend.
White House Budget Director Peter Orszag has estimated that each additional soldier in Afghanistan could cost $1 million, for a total that could reach $40 billion if 40,000 more troops are added.
That cost, Levin said, should be paid by wealthier taxpayers. “They have done incredibly well, and I think that it’s important that we pay for it if we possibly can” instead of increasing the federal debt load, the senator said.
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3 Comments in Response to Upper-Bracket Tax May Be Needed for Afghan War Cost, Levin Says
Right- That bracket pays taxes like Santa O'Bama helps the poor people hahahahahahahahahahahaahaha
People are really beyond mutton if they believe that one!!
Yeah ok upper bracket pays taxes like Santa o'Bama helps poor people..hahahahahahahahahaha
Upper-bracket tax? No, no, no! That would defeat the purpose. It is us the sheeple who pay the price - both financially and with blood - so that they, the upper bracket elite, can reap the rewards. So, you're barking up the wrong tree here, they won't be paying any more for that venture, we the sheeple on the other hand...well, not so much!