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Home arrow Leading The News arrow Pelosi nixes idea of ‘war tax’
Leading The News PDF Print E-mail
Pelosi nixes idea of ‘war tax’
Posted: 10/02/07 03:33 PM [ET]

All told, the Democratic proposal for an “Iraq tax” lasted about four hours. That’s roughly the amount of time from when House Appropriations Committee Chairman David Obey (D-Wis.) gave life to the idea with his endorsement to when House Speaker Nancy Pelosi (D-Calif.) strangled it.

“Just as I have opposed the war from the outset, I am opposed to a draft and I am opposed to a war surtax,” Pelosi said in a statement issued this afternoon.

Rep. James McGovern (D-Mass.) is the author of the tax proposal, which is still being written. The tax would be intended to raise roughly $150 billion for the war and consist of a surtax of 2 to 15 percent of a person’s income tax. A 2 percent surtax means that a person who otherwise would pay $100 in taxes would pay $102.

“If you don’t like the cost, then shut down the war,” Obey said in a news conference.

Obey also told reporters President Bush will not get supplemental money for the Iraq war until he agrees to change course.

Bush has sent a request for a $190 billion supplemental spending bill.

“As chairman of the Appropriations Committee I have absolutely no intention of reporting out of committee anytime in this session of Congress any such request that simply serves to continue the status quo,” Obey told reporters.

Obey wants a war spending bill to end U.S. involvement in combat operations by January 2009, allow more rest time for troops between deployments and start a diplomatic surge.

 
 
 
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