The Corner

Schumer: Tax the Rich, Just Not My Rich

CBS News reports that Sen. Chuck Schumer (D., N.Y.) isn’t such a big fan President Obama’s plan to raise taxes on households making more than $250,000 a year. After announcing his new deficit-reduction plan at the White House today, Obama traveled to New York for a fundraising event (tickets are listed at $36,000 per person). Reporter Marcia Kramer asked lawmakers from the area what they thought of the president’s tax proposals. Most were pretty cool with the tax increases, but Schumer stood out among his colleagues:

Senators Charles Schumer of New York, Robert Menendez and Frank Lautenberg of New Jersey all support the millionaire’s tax.

Menendez, Lautenberg and Kirsten Gillibrand support eliminating some or all of the Bush tax cuts. Schumer said the $250,000 limit is unacceptable since it will hit the metropolitan area disproportionately because of the high cost of living here.

“$250,000 makes you really rich in Mississippi but it doesn’t make you rich at all in New York and there ought to be some kind of scale based on the cost of living on how much you pay,” Schumer said.

 

Andrew Stiles — Andrew Stiles is a political reporter for National Review Online. He previously worked at the Washington Free Beacon, and was an intern at The Hill newspaper. Stiles is a 2009 ...

Most Popular

Elections

In Defense of the Electoral College

Senator Elizabeth Warren has joined a growing chorus within the Democratic party in calling for the abolition of the Electoral College. Speaking at a forum in Mississippi on Monday night, Warren said that she hoped to ensure that “every vote matters” and proposed that “the way we can make that happen is ... Read More
Elections

Stick a Fork in O’Rourke

If, as I wrote last week here, Joe Biden may save the Democratic party from a horrible debacle at the polls next year, Beto O’Rourke may be doing the whole process a good turn now. Biden, despite his efforts to masquerade as the vanguard of what is now called progressivism, is politically sane and, if ... Read More
National Security & Defense

In Defense of the Iraq War

Today is the 16th anniversary of the invasion of Iraq, and Twitter is alive with condemnations of the conflict -- countered by precious few defenses. Yet I believed the Iraq War was just and proper in 2003, and I still believe that today. When Donald Trump condemned the war during the 2015 primary campaign and ... Read More
Elections

Beto-mania and Our Cult of Personality Politics

Robert “Beto” O’Rourke’s biggest fans and supporters insist he is a forward-thinking, future-oriented visionary, but no contender for the Democratic nomination feels more familiar than the former three-term congressman from El Paso. That’s because he has the highest combined score in both déjà vu ... Read More