Saturday, November 21, 2009

Tax on High-Income Americans May Be Needed for Afghan War Cost, Levin Says

Higher-income Americans should be taxed to pay for more troops sent to Afghanistan and NATO should provide half of the new soldiers, said Carl Levin, chairman of the Senate Armed Services Committee.

An “additional income tax to the upper brackets, folks earning more than $200,000 or $250,000” a year, could fund more troops, Levin said in an interview for Bloomberg Television’s “Political Capital With Al Hunt,” airing this weekend.

“They have done incredibly well, and I think that it’s important that we pay for it if we possibly can” instead of increasing the federal debt load, the senator said.

The federal debt load is going to be used as cover for all kinds of tax increases, but the spending will still continue out of control and increase the debt.

We ended the draft, now we should end taxes on undeclared wars. That would bring an end to some of the nonsense going on.

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