THE ECONOMIC STUPIDITY STARTS AT THE TOP

and oozes throght talk radio & FAUX News to almost everywhere in the country. In oder to pay for the new GI Bill, Congress approved a o.5% surcharge on individuals making more than $500,000/year, $1M for couples, yet some GOP morons still chirp about small businesses. (h/t TPM)

Vegas vet’s death spurs VA reform legislation
Bill contains measure by Berkley on medication monitoring at VA centers
By Lisa Mascaro
Mon, May 26, 2008 (2 a.m.)
Las Vegas Sun

(excerpt)

In voting for the bill this month, Nevada Rep. Jon Porter distanced himself from the Bush administration and his party. He was among 32 Republicans willing to impose a tax on high-wage earners to pay for the educational benefit. The “millionaire’s tax,” which is in the House version of the bill but not the Senate’s, would levy a half-percent surtax on earnings above $500,000 for singles, $1 million for couples.

Republican Rep. Dean Heller said he would support the bill if not for the tax. “This tax hike will be a jobs-killer,” Heller said in a statement, affecting “325,000 small-business owners who employ tens of millions of Americans.”