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Raising taxes on the wealthy will somehow stimulate the economy. but, listen to this. say president obama gets his way, and he is able to raise taxes on those making more than $250,000 a year? say that that rate hike would generate about $85 billion a year in increased revenue. but right now, the feds are spending $85 billion every 8 and a half days. according to the treasury department. so it's all a ruse. which this whole tax the rich deal means little in bringing down the deficit or anything else positive. look at this tax chart put together by the isi group which invests money for institut...

Raising taxes on the wealthy will somehow stimulate the economy. but, listen to this. say president obama gets his way, and he is able to raise taxes on those making more than $250,000 a year? say that happens, that rate hike would generate about $85 billion a year in increased revenue. but right now, the feds are spending $85 billion every 8 and a half days. according to the treasury department. so it's all a ruse. which this whole tax the rich deal means little in bringing down the deficit or anything else positive. look at this tax chart put together by the isi group which invests money for...

Latest updates on this topic from reliable sources.