In another effort to distract from her indefensible behavior, Hillary has dropped yet another stinger on the American public for which there is a left-wing defense.
U.S. Democratic presidential candidate Hillary Clinton said in New Hampshire on Monday that she would like to see a 4 percent tax on taxpayers who earn more than $5 million per year.
Like all taxes on the wealthy, it will trickle down to the middle class.
The so-called “surcharge” would generate $150 billion over the next decade, according to a Clinton campaign aide.
The surcharge would come on top of the 39.6% top income-tax rate, not including payroll taxes or a 3.8% tax on unearned income. It effectively creates a new top bracket for the superrich. Currently, the 39.6% bracket applies to taxable income above $466,950 for married couples, the Wall Street Journal reported.
She traveled with Warren Buffet last month to build on the “Buffet rule” to establish a minimum tax rate of 30 percent on those earning more than a million dollars a year. She believes she has the right to steal money from successful people. Buffet is a notorious hypocrite whose companies fight paying taxes.
“I want to go further and impose what I call a fair share surcharge on multi-millionaires because right now, we’re behind and we need to get the wealthy and the corporations to pay for their fair share, so I can keep my promise, which is I will not raise taxes on the middle class,” Clinton said at a campaign stop in Iowa on Monday.
Hillary thinks she has to fend off radical socialist Bernie Sanders who has about a snowball’s chance in Hell of getting elected despite his popularity with leftists in New Hampshire and Iowa. She wants to prove she won’t be beholden to her wealthy donors.