Higher income tax on people making $1 million or more. President Obama is proposing $1.5 trillion in new taxes aimed primarily at the wealthy. House Speaker John Boehner, has said no such legislation will pass the House.
Is this fair? Is this appropriate? Will there be a class war?
The answers are YES, YES and YES!
Those opposing the tax cuts say that this is the wrong time to increase taxes because those wealthy people are the job creators. If that is accurate then where are the jobs created by the Bush tax cuts? Look in India, China, and elsewhere. Businesses did create jobs. They just didn’t to it in the United States.
Let’s be honest. Businessmen did do the right thing for their companies. They kept their cost of goods as low as possible. That’s the way you increase the profits.
From now on the wealthy should at least pay the same tax rates as the rest of us! The Republicans will call it class warfare. I call it equal sharing of the burdens of a successful society.
Coast Contact 
I am sorry but you are out of touch on the issue. Pres. Obama wants to raise the taxes on people who make money from investments. That money was tax when they earned it at a higher rate. Then these people invest it and make more money and then tax again at 15%. The reason business have to go over seas is because they cannot make money. Hollywood is not filming in California like they use too. The industries is going somewhere with less taxes. Watch this video from CNN and read my latest post about taxes. I would love to hear your thoughts. A flat tax would hurt everyone. I would love to hear your thoughts.
video: http://www.cnn.com/video/?/video/bestoftv/2011/09/19/current-tax-structure-fair-to-all.cnn
mypage: http://glockman1727ak47.wordpress.com/2011/09/20/127/