Tax the rich! OK, but then what, Mr. President?
Quote:
By Jeanne Sahadi,
senior writer CNN
April 12, 2011: 3:09 PM ET
NEW YORK (CNNMoney) -- For years, President Obama has been clear about his preferred tax policy: Tax the rich more and protect households that make less than $250,000 from higher taxes.
It's not clear what he'll say about taxes on Wednesday when he lays out his ideas for how to tackle the country's long-term debt. If history holds, he'll stick to his guns.
Certainly, continuing to promise low taxes for 98% of the country will help his newly launched 2012 re-election campaign. But it wouldn't be a great path to reining in debt. (Sorry GOP: Tax revenue has to go up)
Check out the Stilitz video with the article here: http://money.cnn.com/2011/04/12/news...ex.htm?iid=RNM
OPM, some cannot get enough of it. It is sad that as a parent, you save to pass on whatever wealth you've collected in a lifetime only to have "certain people" believe that the Federal Government should TAKE some of it. Honestly, it makes me angry. I'm pissed even typing this. Watch the video. The idea appauls me. Who thinks like this? Probably the same people who think that households that save are a blight to our economy.