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    Millionaire Tax Would Punish the Biggest Job Creators

    Senate Majority leader Harry Reid (D–NV) drifted off to fairy-tale world this week and dreamed up some statistics as he did. On the floor of the Senate, Reid said the following: Many of our job creators are like unicorns—they’re impossible to find and don’t exist. That’s because only a tiny … More

    Families and Small Businesses to be Taxed to Pay for Health Reform

    To help pay for its expensive and painfully complex health care bill, Congress plans on burdening families and small businesses earning over $350,000 with a surtax. Ill-conceived “soak the rich” plans devised by Congress tend to inspire a yawn, a sigh, or applause from the vast majority of citizens who … More

    The Rangel Surtax

    House Ways and Means Chairman Charlie Rangel announced that a surtax on individuals and families above a certain income level would be used to pay for health care reform. The surtax is 1% for joint filers over $350,000, 1.5% for joint filers over $500,000 and 5.4% for joint filers with … More