Time To Pay For The Bush Wars

Aug 15 2011 @ 12:01pm

Historian James Wright urges Congress to enact a wartime surtax, "as it has done for nearly all past U.S. wars":

Congress should consider enacting a surcharge on individual and corporate taxes that would retire the debt accumulated by these wars, pay their current operating costs, and establish a fund that would provide for veterans. This new tax could be deferred until the still fragile U.S. economic recovery gains strength. It would conclude when the wars have ended and the debt and obligations have been met. A surtax would spread this cost over multiple years, and the rate could be applied progressively. Soldiers and their families should be exempted for some number of years for every year served, and families with casualties who had been principal taxpayers or dependents should receive a permanent exemption.