The Patriot Tax
by Joan Entmacher, Vice President for Family Economic Security
National Women’s Law Center
The House is set to vote tomorrow on an amendment to the supplemental appropriations bill that would expand veterans’ education benefits – and raise taxes to pay for it. The proposal would increase the marginal tax rate for individuals with incomes above $500,000 and couples with incomes over $1 million by 0.5 percent. The tax increase was included largely due to the House Blue Dog coalition, a group of fiscally conservative Democrats that supports the veterans’ education measure but insisted that it be paid for under House pay-as-you-go budget rules. The Blue Dogs have dubbed the tax measure “The Patriot Tax.”
It’s a real sign of progress that this election year, some members of Congress are rejecting the idea that politicians have to oppose raising taxes on anyone, for any reason, at any time, to survive. The public has figured out that the massive tax cuts of the Bush years helped the very rich grow even richer – but haven’t done much for them or the economy. Making the investments the country needs and raising the revenues needed to make those investments in a progressive way is good policy – and good politics. And patriotic – whether the revenues are to give today’s veterans the same opportunities for education that veterans of World War II had, or to make sure that families have access to the child care, health care, and education they need to get ahead.