(BrightCitizen.com) Americans are becoming increasingly skeptical of Barak Obama’s calls for ‘taxing the rich’ as some type of artificial hope that more taxation on wealthier American’s can fix the American Federal government’s financial woes.
Boca Raton, Fla. – President Obama forged ahead Tuesday his election-year insistence that the wealthiest Americans pay a greater share of taxes, telling Florida college students that everybody must help rebuild the country.
Hoping to draw a sharp contrast with Republican presidential candidate Mitt Romney, Obama gave his support to the so-called “Buffett rule” — which would change the U.S. tax law so that Americans making $1 million or more would have to pay at least 30 percent of their income in federal taxes.
Referenced here. Economists agree that increased taxation on the rich cannot cover the overspending government programs and high debts increased recently by Obama administration policy and previous governments as well.
Barak Obama needs to unite Americans and bring solid fiscal policy to the United States federal government.