Howard Gleckman (Urban Institute), The Democrat’s Millionaire Tax: Smart Politics, Awful Policy:
Reid’s bill won’t become law, of course. But that’s the point. Reid wants to be able to say that Republicans blocked a critical jobs bill just to protect their fat-cat millionaire pals. Give him credit for smart politics: By replacing the potpourri of tax increases Obama would have used to pay for his stimulus bill with a simple, easy to understand millionaire tax, the Senate Democratic leader has done a wonderful job clarifying his party’s message. Too bad it’s such awful tax policy.
- Bruce Bartlett, 7 Top Republicans Who Taxed the Super Rich
- Bloomberg editorial, Atlas Should Shrug at U.S. Senate Proposal for Millionaires’ Surtax
- Citizens for Tax Justice, State-by-State Figures on Proposed Millionaire Surcharge
- Democratic Policy and Communications Center, Time for Millionaires to Pay Their Fair Share
- The Hill, Paul Ryan Slams Dems’ Millionaire Surtax
- Joe Kristan, President Embraces ‘Millionaire’ Surtax
- Janet Novack, Obama Endorses Millionaire’s Surtax; Tax Bite Could Hit 49%
- James Pethokoukis, Obama’s Millionaire’s Tax Is Double Trouble
- Ira Soll, Reid’s 5.6% Millionaire Tax
- Wall Street Journal editorial, Harry Reid’s Household Remedy
- Washington Post editorial, A Flawed Surcharge on Millionaires
