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Thread: Barack Obama's rich supporters fear his tax plans show he's a class warrior

  1. #1
    Educating the Ignorant
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    Barack Obama's rich supporters fear his tax plans show he's a class warrior

    Barack Obama's rich supporters fear his tax plans show he's a class warrior - Telegraph

    ...it is now dawning on many among them that Mr Obama was serious about his campaign trail promises to bring root and branch reform to corporate America - and that they were more than just election rhetoric.

    Chris Edwards of the Cato Institute, a free enterprise think tank, said Democrats in Congress were unnerved by the president's latest plan to raise $210 billion over 10 years from multinational corporations.

    But Democratic opposition is building in Congress to many of the President's proposals. A plan to reduce tax deductions for charitable gifts by richer people may have to be scrapped, because the charitable sector - which includes hospitals, museums and voluntary service groups - depends heavily on tax-deducted donations.

    Mr Obama needs to find a way to pay for the $750 billion spending spree Congress authorised after he took office to get the stalled economy going again.
    Why be surprised? Didn't they look at his scant but heavily left laden background, notice his voting record was off the charts, listen to his off-script moments, or to his equally hostile wife?

    So much for the theory floated on one thread that proclaims rich want to pay more taxes, and here we are talking specifically about rich Democrats that voted for Obama.

    They must feel pretty stupid.

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  2. #2
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    Re: Barack Obama's rich supporters fear his tax plans show he's a class warrior

    Why is an editorial "breaking news"?

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