A war tax on the rich?

As Obama prepares to announce an Afghan exit strategy, questions arise over how to pay for the war

With President Obama's new strategy for Afghanistan likely to include a substantial increase in troop levels, Rep. David Obey (D-WI), chairman of the House Appropriations Committee, is leading an effort to impose a tax to pay for the war. Obey's "Share the Sacrifice Act" would impose a 1 percent tax on income between $30,000 and $150,000, with wealthier Americans paying higher rates. Is a special tax on the rich the best way to pay for the war? (Watch our Sunday Talk Show Briefing about the difficulties in an Afghan troop escalation)

Somebody has to pay for the war: Obama's plan to fix the situation in Afghanistan is well worth paying for, says Matthew Yglesias in the Daily Beast. Obey's legislation would serve as a useful reminder to that "defense expenditures cost real money."

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