The political math was simple and should have been fool-proof: Proponents of a high-earner income tax in the state of Washington needed only a majority of voters to approve a tax on a tiny minority of their peers. After all, Initiative 1098, which would have imposed a 5 percent tax on the adjusted gross income of individuals who earn more than $200,000 — or $400,000 for couples — and a 9 percent tax on the AGI of individuals who earn more than $500,000 — or $1 million for couples — …
Families and businesses have budgets, yet Washington doesn’t — and it hasn’t for the last three years. Senate Majority Leader Harry Reid (D-NV) doesn’t think this major omission is that big of a deal, and the White House has no opinion on the matter. Fortunately, there are leaders in the House who see the importance of passing a budget and getting runaway spending and escalating debt under control. For Congress, the budget is an outline of how and where money will be spent across the federal government and how high …
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