February 4, 2012

Obama's Debt-Solving Plan: Tax the Rich, Not the Rest

By Brenton Stransky
In the his recent State of the Union address, the president took another swing at the country's top income-earners -- also a theme of last year's address.  Embracing the populism of the Occupy movement and their disdain for the top 1% of income-earners, the president returned to scorning the successful and blaming them for income disparity. We can either settle for a country where a shrinking number of people do really well while a growing number of Americans barely get by, or we can restore an economy where everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same set of rules. Income -- that is to say, very high income -- has become a charged topic even during the Republican presidential debates.  Mitt Romney's recent release of his tax returns has added new fuel to the class warfare fire.  What Mr. Romney's detractors, including the president and Newt Gingrich, insinuate is that he came to his wealth by breaking the rules. The...(Read Full Article)