With an eye toward addressing income inequality, the president will use his State of the Union Address to propose new taxes and fees on very rich people and very big banks. In any historical context, the tax hikes and fees are modest. But after a period of absurd austerity and slow-growth economics (in which all the sacrifices were made by working families, while all the advantages accrued to very rich families and very big banks), Obamas move is as important as it is necessary. --- John Nichols, The Nation Billionaire Warren Buffett supports President Obamas proposal. As he said in a NYTimes Op-Ed: My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice. Warren E. Buffett is the chairman and chief executive of Berkshire Hathaway. m.thenation/blog/195345-obamas-smart-economic-and-political-calculus-tax-rich
Posted on: Tue, 20 Jan 2015 22:27:35 +0000
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