10-02-2007, 06:24 PM
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Level up: 42%, 157 Points needed | | War Tax
It was reported by FOXNEWS.COM, Tuesday, October 02, 2007 Quote: |
A top congressman, saying Democrats "have had it with being maneuvered and jerked around" on the war in Iraq, offered a new approach Tuesday to change the course of funding for the ongoing war: A war tax. Rep. David Obey of Wisconsin, chairman of the House Appropriations Committee, said he will not allow a bill to come for debate to provide emergency supplemental funds for the war and suggested Americans should be compelled to pay for it through a "surtax." ...Obey said the annual cost for the war — $145 billion — could be paid by a tax that would range from 2 percent for low and middle income folks to 12-15 percent for higher income households. "This war is draining the treasury dry. ... There is a huge opportunity cost that is being paid by the same younger generation that is going to be asked to pay the bill because the president is paying for this war on the cuff," Obey said. "If you don't like the cost, then shut down the war."
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