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Wednesday, Sept. 7, 2005 9:49 p.m. EDT

Hillary Clinton Proposes Katrina Tax Hike

2008 presidential candidate Hillary Clinton said Wednesday that she favors rolling back the Bush tax cuts to fund reconstruction efforts in New Orleans in the wake of Hurricane Katrina.

Asked where the money to rebuild the city should come from, Mrs. Clinton told NBC's "Today Show": "It comes from the first instance in not making those tax cuts for rich people like us permanent."

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  "Let's get back to shared sacrifice," Clinton insisted, defending her tax hike plan. "Let's take care of each other. Let's plan for the future. Let's do what is necessary to put Americans first again."

Mrs. Clinton has consistently argued for a tax hike ever since she was elected to the Senate.

Last year she told a San Francisco audience: "We're going to take things away from you on behalf of the common good."

In 2003 Clinton argued for a tax hike to pay for the Iraq war.

In Nov. 2001, the former first lady blamed the 9/11 attacks on the Bush tax cuts, telling CNN: "If we hadn't passed the big tax cut last spring, that I believe undermined our fiscal responsibility and our ability to deal with this new threat of terrorism, we wouldn't be in the fix we're in today."

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Read more on this subject in related Hot Topics:

Bush Administration
Katrina Disaster
Sen. Hillary Clinton

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