Open Thread

July 15th, 2009 9:37 AM

For general discussion and debate. Possible talking point: taxing "the rich" to pay for healthcare reform.

House Democrats plan to fund the broadest U.S. health-care expansion in four decades by increasing taxes on the wealthiest Americans, imposing a surtax of 5.4 percent on couples with more than $1 million in income. The legislation unveiled yesterday would place additional taxes on households with more than $350,000 a year in income and calls for further increases if the measure doesn’t hit a target for cost savings. The provisions are intended to raise $544 billion over 10 years.

Was Joe the Plumber right?