Bernie Sanders has had concerns about a Wall Street bailout since last week and had a proposal to help pay for Wall Street aid before President Bush put the Big $700 billion Plan on the table.
Tuesday Vermont's indepedendent U.S. senator wasn't reassured, he said in a press release.
"The very first point that should be established is that it should not be the middle class bailing out the wealthy." Sanders' proposal would put a 10 percent surcharge on income over $500,000 for individuals and over $1 million for couples. The surtax would stay in place five years and could raise as much as $300 billion, Sanders estimates.
Sanders sent U.S. Treasury Secretary Henry Paulson a letter outlining his plan. He also posted his letter on his Web site and voila within 24 hours hours more than 8,000 people across the country read it, liked it and signed it, according to Sanders' staff.
Want to read it, sign it? Go here.
-- Nancy Remsen