Nowhere near enough to pay for Obama's nearly $500 billion "pass this bill now" jobs bill.
In 2009 (the last year for which the data is available) 78,147 people made more than $1 million in net compensation, according to socialsecurity.gov, here, pulling in about $184 billion. I said "billion."
A 5 percent surcharge on that, which is what the Democrats are proposing to pay for Obama's latest jobs spending bill of nearly $500 billion, is . . . drum roll please . . . $9.2 billion.
Sen. Harry Reid must think the whole country is as stupid as the voters in Nevada who re-elected him, the man Bob "Money Talk" Brinker has called "a good man."
Hell, CONFISCATING EVERYTHING from everyone who makes over $1 million WOULDN'T PAY FOR HALF the proposal.
Do you hear me? A 100 percent tax on everyone making $1 million or more would pay for precisely 41.0 percent of Obama's spending bill. SPENDING BILL! A 5 percent tax pays for 2.0 percent!
Which means YOU are paying to create someone else's MAYBE one year job.
Instant replay of stimulus bill, February 2009.
