James Pethokoukis
Politics and policy from inside Washington
Obama’s problematic surtax on the rich
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Bruce Bartlett makes several good points about slapping a surtax on wealthier Americans to pay for expanding healthcare coverage: 1) breaks the linkage between the taxes people pay and the benefits they receive; 2) won’t actually generate enough dough to pay for reform; 3) ignores the vast tax subsidy for high-end health plans. Other than that, it is a super idea.
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Exactly, this surtax that Obama is doing on people, will be his downfall.
To punish sucess is just stupid wont last.