Conservative
Type 40
now we know why the Dems have been stalling...
Senate Democrats Rewrite Obama's Jobs Bill - ABC News
Senate Democrats Rewrite Obama's Jobs Bill - ABC News
Senate Democrats are rewriting portions of President Barack Obama's jobs bill to include a new 5 percent tax on income above $1 million
So much for Obama and his 'shared sacrifice' rhetoric, huh. What he means is 'shared sacrifice, as long as some people share more of the sacrifice'.The new tax would replace tax increases sought by the president. Obama's plan called for raising taxes by limiting itemized deductions including those for charitable donations and mortgage interest for individuals making more than $200,000 and married couples making more than $250,000.
Reid said the millionaire's tax would cover the entire cost of Obama's jobs bill about $450 billion over the next decade.