Tuesday, October 02, 2007

Democrats Propose Tax Surcharge for War

WASHINGTON (AP) - Democrats on Tuesday proposed an income tax surcharge to finance the approximately $150 billion annual cost of operations in Iraq, saying it is unfair to pass the cost of the war onto future generations.

The plan, unveiled by Reps. David Obey, D-Wis., John Murtha, D-Pa., and Jim McGovern, D-Mass., would require low- and middle-income taxpayers to add 2 percent to their tax bill. Wealthier people would pay an additional 12 to 15 percent, Obey said.

The plan's sponsors acknowledged it's unlikely to pass, but Democrats have been seeking in recent weeks to compare the approximately $190 billion cost of the Afghanistan and Iraq wars in 2008 with the $23 billion increase that Democrats want in domestic programs. President Bush has threatened to veto most of those domestic spending bills.

"The war will cost future generations billions of dollars in taxes that we're shoving off on them and it is devouring money that could be used to expand their educational opportunities, expand their job training possibilities, attack our long-term energy problems and build stronger communities," Obey said......

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