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By Amanda Becker

WASHINGTON (Reuters) — U.S. Democratic presidential candidate Hillary Clinton is calling for a 4 percent “surcharge” income tax on people earning more than $5 million annually, a Clinton aide said on Monday.

The so-called “Fair Share Surcharge” would be imposed on the two out of every 10,000 taxpayers who make more than $5 million a year and is expected to raise $150 billion over a decade, the aide said.

Clinton was joined on the campaign trail last month by billionaire investor Warren Buffet, who has been an outspoken critic of tax policies he says allow him to pay a lower tax rate than his secretary.

Clinton said she would announce her plans to go even farther than the “Buffet rule,” which would establish a minimum tax rate of 30 percent on those earning more than $1 million per year. The income-tax surcharge is the first part of her push, with more tax policies to be released later this week, a campaign aide said.

Clinton is the front-runner for the Democratic presidential nomination ahead of the election in November 2016. Both she and her chief challenger for the nomination, U.S. Senator Bernie Sanders of Vermont, have made income inequality and boosting the middle class a focus of their campaigns.

(Reporting by Amanda Becker; Writing by David Alexander; Editing by Eric Walsh and Bernadette Baum)

Photo: U.S. Democratic presidential candidate Hillary Clinton speaks after being publicly endorsed by Planned Parenthood Action Fund in Hooksett, New Hampshire, January 10, 2016. REUTERS/Brian Snyder

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Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

Rep. Jason Smith

Photo by KOMUnews is licensed under CC BY 2.0

Reprinted with permission from American Independent

Rep. Jason Smith (R-MO) wants to make sure kids are taught to be patriotic in their schools. His new bill would strip federal funding from any school that does not force them to memorize his selected historical texts.

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