Surtax on rich proposed

Finally, some sense emerges from Washington.

A new surtax on the very wealthy is now the leading option among House Democrats to fund much-needed health care reforms. This new tax would be imposed on folks with an annual income of at least $200,000 (or higher for couples).

This should have been the #1 option all along. Lawmakers considered everything from increasing the Medicare tax to a subsidy for aspartame before this surtax on the rich was even given any thought.

This the kind of change we have a right to expect from the Democrats. No more handouts to the wealthy and Big Business.

Will this surtax pass? Don't get your hopes up too high. The DLC still looms large in party back rooms.

The government should pass this surtax - and take back all the free bailout money banks got.

(Source: http://www.google.com/hostednews/ap/article/ALeqM5jlMpJGn28kqCcgU-aGcYE_ZHW-ywD99AJ0A81)