House Speaker Michael Madigan has revived talks of the millionaires tax again. Many Illinois teachers' unions and education organizations are coming out in favor of the added 3-percent income tax, but at least one member of Madigan's supermajority Democratic Party isn't on board.
Dear Occupy Wall Street: I congratulate you on what you have achieved and I hope you take time to decide how the movement will move forward in a constructive manner. Occupy a new space? Get involved electorally? Actively work to reform policy?
Wouldn't it be great if the Congress that exacerbated our current situation were held responsible for their grade school behavior which brought on our current financial situation, paying higher taxes until things right themselves, even if it's after some get voted out of office?
Is it too much to ask that people making over one million dollars in annual income pay a tax rate comparable to middle income Americans? Why is there one set of rules for millionaires and a different set of rules for the rest of us?
Romney is right to mock the Buffett Rule as more about politics than economic fairness, and Obama is right that even if it's a drop in the bucket, it's still worth doing. Both are wrong to make a big deal about the Buffett Rule as having a serious economic effect one way or the other.
It may surprise a lot of people to find Ronald Reagan, Barack Obama, Sheldon Whitehouse and I on the same side of anything. But with an issue like this that makes so much sense the real question is, why does today's right wing disagree?
The headline in this week's news, "Harvard Now Cheaper Than Cal State," may have shocked many across the country. But for California's families and students, it reflects the reality of millions who have struggled for years with the rising cost of higher education.
Governor Brown takes a half step in the right direction. But other states should not emulate it. Instead Californians and others should support a proposal which advances real change -- The Millionaires Tax.
I hope Mr. Arends will step back and look at what the Millionaires Tax of 2012 is all about, not just try to defend a tax code that helps the uber rich while punishing the very middle class he says he advises.