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Schakowsky backs Senate plan for tax surcharge on millionaires

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Rep. Jan Schakowsky of Evanston says she supports a proposal unveiled Wednesday by Senate Democrats for a new surtax on millionaires to pay for President Obama’s jobs bill.

Rep. Jan Schakowsky of Evanston says she supports a proposal unveiled Wednesday by Senate Democrats for a new surtax on millionaires to pay for President Obama’s jobs bill.

"This proposal is a logical and fair mechanism to have 'job creators' actually help to create jobs in this economy," Schakowsky said.

"President Ronald Reagan once criticized the wealthy for not paying their fair share," she added. "Twenty five years later, there is no reason why our current tax code should allow some rich to pay lower tax rates than average Americans."

"The middle class and those who aspire to it in this country are under siege after decades of tax policies that favor wealthy individuals and corporations, growing disparity in income, and Wall Street recklessness that caused massive job loss," the Evanston Democrat added.

Schakowsky introduced her own proposal earlier this year to impose higher tax rates on millionaires and billionaires.

She says a recent Wall Street Journal/NBC News poll showed 80 percent of Americans believe the best way to reduce the deficit is by raising taxes on those who make more than a million dollars.

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