Ark. GOP congressman pitches millionaire surtax - WMC Action News 5 - Memphis, Tennessee

Ark. GOP congressman pitches millionaire surtax

Associated Press

LITTLE ROCK, Ark. (AP) - Arkansas congressman Rick Crawford is proposing a surtax on millionaires that would be tied to passage of a balanced budget amendment.

The proposal is a major shift for the freshman Republican who was elected on an anti-tax platform.

Crawford on Thursday proposed legislation that would require passage of a federal balanced budget amendment in exchange for a 5% surtax on individual incomes exceeding $1 million a year.

Crawford said the proposal is a way for both Democrats and Republicans to work together on ways to cut the nation's deficit.

Democrats believe Crawford is vulnerable as he runs for re-election to his east Arkansas seat.

Three Democrats are running for the party's nomination to challenge Crawford.

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