Restore Tax Fairness: Tax the Rich

May 15, 2009

Original publication: Political Affairs

Date of publication: April 14, 2009

By Joel Wendland

"President Barack Obama campaigned on and has already implemented the largest tax cut for working families in US history. As part of the president's economic stimulus package, beginning on April 1st, the Treasury Department revised its rules to make sure that 95 percent of workers will keep an extra $400 and working-class households will keep $800 per year.

In addition, the president has proposed shifting more of the tax burden to the very richest Americans and corporations by eliminating the Bush tax cuts for the upper bracket and by ending loopholes that allow corporations to gain at the expense of middle-income taxpayers."

Read the full article at Political Affairs.

Share:
Posted in: