GOP Rep. Hanna Open To Raising Taxes On Millionaires
Over the past several decades, the super-rich even gotten super-richer, while the rest of America has seen income stagnate. At the same time, the wealthy have enjoyed decreasing income tax rates and cuts to capital gains and estate taxes. Not coincidentally, deficits have soared as revenues have fallen. And all the while, the Republican Party insists that the problem is that the nation's poor oppressed millionaires carry too large a burden.
At least one member of the House Republican caucus doesn't seem to be buying it: Rep. Richard Hanna (R-NY) says he's open to raising taxes on millionaires:
Hanna said he is open to discussing certain revenue-raising items. While he believes there should be no additional taxes on small businesses, he is willing to talk about higher tax rates for those making more than $1 million.
"I think if you want to go to people who literally make a million dollars or literally make a billion dollars, that's a conversation I'm personally willing to talk about. But I don't think you change it for small business. You need to let them keep their capital," he said.
Hanna's probably getting an earful from Grover Norquist and Rep. Paul Ryan (R-WI) right about now, so it'll be interesting to see if he stands by his willingness to consider raising taxes on the people who can most afford to pay more and who have benefited from a system skewed in their favor, or if he joins the "poor people should pay more" lunacy so popular among his colleagues.