Levin backs off war tax

The chairman of the Armed Services Committee backed off his support for a war tax today, saying the state of the economy prevents any tax increases.

"Well in the middle of a recession we're probably not going to be able to increase taxes," Levin told CBS's Face the Nation.

Levin still supports the idea of a surtax, but says it "should have happened some time ago."

The Michigan Democrat raised the idea of a war tax during an interview last week with Bloomberg's Al Hunt. House Appropriations Chairman David Obey (D-Wis.) has also promoted the idea of a war tax.

Levin's remarks on the tax come at about 6:30 in the clip below:



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