Posted on 09/20/2011 6:55:43 PM PDT by Starman417
Schumer Has A Plan
Senator Chuck Schumer, Democrat, N.Y. thinks the president's plan to raise the taxes on households making more than $250,000 may require a special dispensation for New Yorkers.
After President Obama unveiled his totally new plan for the new plan for deficit-reduction that Americans hear about every other month, the plan that raises taxes on households that have an income of over $250,000, he flew to New York for a fundraising event (tickets were priced at $36,000).
A reporter, Marcia Kramer asked lawmakers from the New York region what they thought of President Obama's tax plans. Most of the legislators were in step with the president, but Schumer stood up for his limousine Liberals. He supports the millionaire's tax, but with caveats. He feels the $250,000 limit is unacceptable for the metropolitan area of New York, because of the high cost of living within the city.
Schumer Logic
$250,000 makes you really rich in Mississippi, but it doesnt 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.
(Excerpt) Read more at floppingaces.net...
Amendment XVI to the Constitution of the United States
“The Congress shall have power to lay and collect taxes on
incomes, from whatever source derived, without apportionment
among the several States, an without regard to any census
or enumeration.”
Yep, but they still must be uniform throughout the United States. You can’t charge millionaires in one city at one tax rate, and differently in another place.
See this regarding “apportionment”: http://www.utexas.edu/law/faculty/calvinjohnson/directtax.pdf
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