Tuesday, November 13, 2012

Obama Floating Idea of Raising Even More Taxes on Wealthy: Goes Beyond Election Campaign

The Washington Post on Obama's drive for new taxes on the rich:
Carney said Tuesday that Obama would reprise his plan from earlier this year to raise $1.6 trillion in taxes by raising tax rates, imposing a new special tax on millionaires and scaling back deductions and loopholes.
A special new tax on millionaires! Sounds like Obama wants government to take more than 50% of someone's earning in California and New York.