18 Mar '12, 10am

The Latest Millionaires Tax Is Proposed By A Republican | Care2 Causes

The Buffet Tax, a pledge to ensure that those who make their money off of investment income don’t pay a smaller share in taxes than those who earn it by working, has been decidedly unpopular with the Congressional Republicans. But now a lawmaker is introducing a millionaires tax of his own. His name in is Rick Crawford, and he’s a Republican. The Arkansas Congressman is only in his first term, but he’s allies fast. He’s proposing President Barack Obama’s millionaires tax, but only if Democrats agree to a balanced budget amendment in exchange. “If we are going to take financial calamity off the table both parties will need to come together,” Crawford said in a statement . “Republicans have long championed a balanced budget amendment to force the federal government to live within its means. Democrats have pushed for new taxes on millionaires to address our debt. This reasona...

Full article: http://www.care2.com/causes/the-latest-millionaires-tax-i...

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