Obama 'Courting Disaster' with Tax-Hike Plan, Economist Says

Obama thinks the working middle class lives in mobile homes and make $30-40K a year. The rest of don't work and live off our riches.

If all the politicians would just leave the capitalist system to work out it's own problems, things would be a lot better. When the government steps in and says "I'm here to help", everything goes to hell. Hershey

Actually, I think it is a good thought. A lot of working families with kids are struggling with mortgage, child care, car/van (kids take spaces!) payments... tax cuts for those are merciful! People with 250,000 earn a surplus in life. in the lifetime of crisis, please do not hold your wealth. A little bit tax is the least you can do for your country and people!

Hiking taxes on wealthy traders will not hurt the ecomony if spent on Infrastructure and new ecomony job creation.

Taxing the productive and rewarding the unproductive is the way the Democrats operate. People who make over $250k are the ones who drive the economy. Taxing that money is equivalent to destroying jobs.

Another economist blowhard.

Tax policy doesn't mean jack s$#% without reduced spending. Our government has got to cut back on spending period. Taxes wouldn't be the issue they were without the insatiable appetite our government has for spending. STOP SPENDING OUR MONEY FOR US IN THE MOST INEFFICIENT WASTEFUL MANNER THAT ONLY THE GOV"T IS CAPABLE OF

The people that spend their disposable income are generally the working class people, becasue they dont have very much of it, the rich generally stash their cash, so they can stash more of it with the US government! Either way they will probably prefer to give it to charity than the US government or hire expensive tax accountants to find the loop holes, so does it really help,

Tax policy doesn't mean jack s$#% without reduced spending. Our government has got to cut back on spending period. Taxes wouldn't be the issue they were without the insatiable appetite our government has for spending. STOP SPENDING OUR MONEY FOR US IN THE MOST INEFFICIENT WASTEFUL MANNER THAT ONLY THE GOV"T IS CAPABLE OF

Things said to get elected can be modified after the election

There is a distinct difference between the parties on this issue. The Republicans believe in "borrow and spend", mortgaging my grand-children's future. The Democrats believe in "tax and spend", which is merely a derogatory term for "pay as you go".

Bush was a joke and McClain is joke 2nd verse

Methinks pesos_american is another dumb, jealous, thieving Democrat.

Another elitist corporate flunky tells us how bad it is to raise taxes on the rich! How is it that we taxed the rich at a much higher rate during the 1950s and 1960s and we had a balanced budget and an economic environment where one income was enough to have a middle-class lifestyle? Also, corporations paid a much larger share of taxes during that era, unlike today where many corporations avoiding taxes altogether using a variety of loopholes and tax shelters.

Just what you would expect from an investment house. More propaganda than an article.

U.S. corporate taxes are the second highest in the world. Without lowering them, the U.S. will continue to see more jobs sent to other countries where tax rates are more affordable for businesses. It's a shame that Obama thinks his policies will create millions of extra jobs when in reality he's just encouraging businesses to move overseas.

Fat Cats like Brusuelas have had their incomes go up these last years. Trickle down went only as far as the upper income group. While the American worker increased productivity, and therefore profits, they saw buying power go down, real income go down, health insurance and pensions disappear and privatization prove to be a plan to make the wealthy wealthier at the cost of the individual american's safety and security. What does it help to privatize ANYTHING if most people cannot afford the benefits due to the cost to get in. Raising taxes on the wealthy should have been done a long time ago. We cannot be great as a nation if we leave our elderly, our soldiers and their families, and our hard-working middle class without services to support their efforts to improve themselves. Republicans have sold America a false set of promises cloaked in calculated lies. Right now, they will not address an issue, but skirt it with superficialities to distract us.

When the Obama proposal is to reverse a previous tax cut, that isn't exactly a tax hike. But nice try. The wealthy have enjoyed lavish Republican largesse the last eight years. Your good fortune has come at the expense of working Americans and the greater economy. Time for the pendulum to swing back the other way. Sorry "Joeseph", time for you to lose.

Just what you would expect from an investment house. More propaganda than an article. Karl Rove must be his comrade in arms.

Given that a huge number of Americans will be retiring in the near future, the capital gains and dividends cuts are essential to their well-being. Lower taxes benefit everyone, especially the middle class. The upper and lower income groups are not as greatly penalized as the middle. Inheritance tax is double taxation on money earned and should be removed from the taxable income table. Taxing the rich and giving it to the middle and poor (in the name of government programs) is socialism. I think McCain is the better choice.