Sotomayor Hearings Serving as a Distraction for Tax Hikes?

Jeff Poor
Business & Media Institute
Wednesday, July 15, 2009

A lot of media attention has been focused on President Barack Obama’s Supreme Court Justice nominee Sonia Sotomayor, and rightfully so. But are congressional Democrats using this media fixation as an opportunity to sneak through a $540-billion tax hike to pay for health care?

Business & Media Institute adviser Dan Mitchell, a senior fellow at the Cato Institute, thinks so. He told Fox News “Your World” fill-in host that on July 13.

(ARTICLE CONTINUES BELOW)

“I’m not suggesting it,” Mitchell said. “They would like that to happen. There’s no question the public opinion polls have turned against the administration in terms of broad economic policy and especially on the more specific issue of fiscal policy. This has been a profligate tax-and-spend administration in just the first six months and now they want the government to take over health care and make it like the postal service. They will not be able to put all this through without people watching.”

According to a July 13 Financial Times story by Sarah O’Connor, in an effort to fund health care, House Democrats are introducing a bill a proposing a 1 percent income tax on earners making more than $350,000 a year and as much as 3 percent on those earning in excess of $1 million. Soaking the rich might make for winning campaign rhetoric, but the rich don’t necessarily suffer, according to Mitchell.

Full story here.

Print this page.

Comment Rules

Comments are closed.