Jim Webb’s new GI Bill gets more brilliant each time I read about it. Yesterday, the House moved this bill forward by approving a tax on the super-wealthy to pay for the plan to expand veterans education benefits to cover the full four years of college. From Carl Hulse’s story in the New York Times:
“Individuals earning $500,000 or more would pay a surtax of 0.47 percent on income above $500,000 and the tax would apply to couples on incomes above $1 million.
Democratic officials said one analysis estimated that about 440,000 people would fall under the new tax and would pay an average of nearly $9,000 a year.
‘We are talking about people who are making over $1 million to make a small sacrifice to pay for this war when our military families are making a huge sacrifice,’ said Representative Jan Schakowsky, Democrat of Illinois.”
Bush is threatening to veto the bill and McCain, suicidally, supports him. You want to save money of the backs of our veterans? A “tax is a tax?” The genius of this bill is that it does two great things. One, it provides a well-deserved benefit to our troops. Two, it demonstrates, in sharp terms, Republican hypocrisy on the military.
If the top half million wealthiest people in the country can’t take a $9000 hit to put a young veteran through college, than this country is doomed. You have no right sending anyone off to war, if you can’t support this bill.