Wednesday, October 15, 2008

Money & Business

Capital Commerce

Entries for February 07, 2007

Do We Need a Special Tax for the War on Terrorism?

February 07, 2007 09:45 AM ET |

I have this cousin who is a real national security hawk. When he pays his federal income taxes every year, he writes on the check–on the "for" line in the bottom left-hand corner–exactly what he wants his tax dollars spent on. One year he wrote, "B-2 bomber." Another year it was "Strategic Defense Initiative." I couldn't help thinking of him when I heard Sen. Joseph Lieberman suggesting that Congress should consider creating a tax to fund America's war on terrorism. During a Senate hearing yesterday, the Connecticut Democrat said:

...continue reading.

Tags: economy | Iraq war (2003-) | taxes | terrorism

About the Capital Commerce Blog

Send an E-mail to capcom@usnews.com.

James Pethokoukis is the money and politics blogger for U.S. News & World Report , where he writes the monthly Capital Commerce magazine column. Pethokoukis is also the assistant managing editor of the magazine's Money & Business section. He has written for many publications including the New York Times, the American, USA Today, Investor's Business Daily, and TCS Daily. Pethokoukis is also an official CNBC contributor and appears frequently on that network's Kudlow & Company, Power Lunch, and The Call shows. In addition, he has appeared numerous times on MSNBC, Fox News Channel, Fox Business Network, CNN, and Nightly Business Report on PBS. A 1989 graduate of Northwestern University where he double majored in Soviet politics and American history and a 1991 graduate of the Medill School of Journalism, Pethokoukis is a 2002 Jeopardy! champion.

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