Taxing the wealthy.
Obama is a lot kinder to them than Reagan was.


The media has obsessed about Obama's plan to roll back the Bush tax cuts for the wealthiest Americans; from 35% to 39.6%  - even asking if that makes him a socialist.
 
But the tax rate the wealthiest Americans paid on the top portion of their earnings, at the end of Reagan's first term was 50%.  Under Nixon: 70%. Under Eisenhower: 91%!
Shocking?

For all the whining about rolling back Bush's goofy tax cuts, the truth is - Obama's plan cuts taxes for 95% of working Americans and closes huge tax loopholes for oil companies, hedge funds and corporations that ship jobs overseas so we can invest in priorities to get our economy moving.

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