Conservative Democrats and party leaders in the House will propose a millionaires tax to fund a popular proposal to expand education benefits to post-9/11 vets, The Associated Press reports today. The conservative “Blue Dog” members support the concept of a more generous GI Bill, but balked at the $51.8 billion cost, which Democratic leaders wanted to ignore by sticking the proposal to an emergency war spending bill. The Blue Dogs said they would withdraw their support for the GI Bill provision unless it was paid for — a conflict that’s delayed debate on the spending bill until Thursday, at the earliest.
Under the new plan, individuals earning over $500,000 and couples earning over $1 million a year would get slapped with a half-percent tax surcharge. The AP quotes Blue Dog Rep. Mike Ross (D-Ark) with the following:
What we’re talking about is a one-half percent income tax surcharge on incomes above $1 million. So someone who earns $2 million a year would pay $5,000. … They’re not going to miss it.
Not that the proposal will get very far. Though the GI Bill enjoys significant bipartisan support in the Senate, there’s no indication that the tax-hike offset would keep enough Republicans on board to pass the upper chamber. On top of that, President George W. Bush has vowed to veto any tax increase that hits his desk.
But paying for the GI Bill will do is this: It will get the Blue Dogs on board, allowing the proposal to pass the House (which requires just a simple majority), and forcing GOP senators to make a tough election year choice: Do they vote for the tax hike or against the veterans benefit? We could know as early as next week.
MA-Sen: 150 Conservative Bloggers Fan Out, Looking for Scandals
BOSTON -- The mysterious Election Journal blog, which first released the infamous 2008 video of two bumbling New Black Panther Party members waving nightsticks
MA-Sen: 66 to 19
BOSTON -- That, via Alex Isenstadt and Josh Kraushaar, is the number that defined the Massachusetts Senate race more than anything else. From the primary
MA-Sen: A Text Message From Scott Brown
BOSTON -- Having signed up for Scott Brown’s text message service for election day, I just got this text: Are you about to have lunch? It’s a great time to
MA-Sen: Loyal Democrats Grouse About Coakley
BOSTON -- A little while after noon, a steady crowd of Democratic voters streamed into the Cathedral High School Gymnasium to cast votes for their party’s
MA-Sen: Brown Wins
BOSTON -- At 9:20, the first rumors of Scott Brown’s victory in the Massachusetts Senate race started to work around the room. A moment later, Doug Flutie
MA-Sen Photos: ‘Paint the Town Red! Croakley’s Dead!’
Below are some photos of yesterday’s People’s Rally in Worcester, the rally that Brown held to counter-program the Obama rally in Boston. The crush of
MA-Sen: Out-of-Staters for Brown
BOSTON -- A surprising discovery at yesterday’s People’s Rally in Worcester was just how many people had traveled into the state to assist, in whatever way,
Menendez, Lautenberg to Continue BP-Lockerbie Investigation
Sens. Robert Menendez and Frank Lautenberg, both New Jersey Democrats, will continue to seek details about BP’s alleged involvement in the release last year of
Net Investors Bullish on Palin’s Prospects for Staying on Ticket
Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate.
No Experience Necessary
Gov. Sarah Palin’s a middle-class hockey mom, but does that really qualify her to be vice president?