
I wondered yesterday how serious David Obey was about the idea of paying for the Afghanistan war with higher taxes. Today the answer seems to be that he’s pretty darn serious, with Ways & Means Committee Chairman Charlie Rangel and Financial Services Committee Chairman Barney Frank joining Obey, who chairs the Appropriations Committee, and also picking up Conference Chair John Larson and Jack Murtha who chairs the Defense Appropriations subcommittee. That’s a blockbuster leadership lineup and a clear signal that any House backbencher who feels like jumping on this bandwagon is safe to do so.
The details of the proposal:
Dubbed the “Share the Sacrifice Act,” the six-page bill exempts anyone who has served in Iraq or Afghanistan since the 2001 terrorist attacks as well as families who have lost an immediate relative in the fighting. But middle-class households earning between $30,000 and $150,000 would be asked to pay 1% on top of their tax liability today — a more sweeping approach than many Democrats have been willing to embrace.
That’s a bit of a gimmicky construction, but the basic principle is clear enough.
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