By David Martosko In Washington PUBLISHED: 12:20 EST, 29 April 2013 | UPDATED: 12:24 EST, 29 April 2013 Rep. Jan Schakowsky, a Democrat from Illinois, said she wants to raise the income tax rates paid by America's top earners to between 45 and 49 per cent, largely to justify more government spending. 'We need increased revenue,' she said in a statement, 'to eliminate the sequester, fund investments in education, public safety, and infrastructure and provide support for Americans striving to reach the middle class.' U.s. Democratic Congresswoman Jan Schakowsky wants top earners to pay more - a lot more - to the government at tax time, and justifies it with calls for revenue that would enable more spending
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@placeholder would add five new tax brackets, starting with a 45 per cent rate for income between $1 million and $10 million, and ending with 49 per cent for earnings after a taxpayer's first $1 billion in any tax year.