U.S. President Barack Obama has pushed for his proposal to have the wealthy pay more in taxes as a way to tame the federal deficit, HIS $16 trillion deficit.
“We should not hold the middle class hostage while we debate tax cuts for the wealthy,” Mr. Obama said in his first news conference since winning re-election on Nov. 6.
Tax the rich to pay the poor. A good old communist agenda so dear to Gillard's heart. It never worked in the past and won't work in the future. Enterprising people won't accept giving half or more of their toils to bludgers.