According to a report in the NY Times, President Obama is expected to announce a tax plan proposal tomorrow that will call for high-income earners to pay the same percentage in income tax as middle-income Americans, eliminating loop holes and lower rates for investment gains.  Of course the Republicans are continuing in their role as the "Party of No" and accusing the President of instigating class warfare.  While they work to protect affluent individuals and businesses, they ignore the fact that cutting benefits to low-income Americans is in itself a tax increase.  Balancing the budget on the backs of those can least afford it is most certainly class warfare at its most insidious.  Democrats, let's stand with the President and make our voices heard.  Businesses and wealthy individuals should have as much responsibility to pay their fair share as everyone below them on the income ladder.

If you want to read more about the early reports on the proposed plan, here is the link to the NY times article:http://www.nytimes.com/2011/09/18/us/politics/obama-tax-plan-would-ask-more-of-millionaires.html
 


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