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Tax Analysts

Question: Why are news analysts referring to Obama’s Tax Cuts as…?

“robbing from the rich and giving to the poor”? I keep hearing them talking about how his increased tax plan on the wealthy and reduced tax plan for the middle class is an income redistridution plan. How is letting the middle class keep more of their money income redistribution? If Obama’s tax plan is income redistribution, then isn’t that what is also happening under the current plan? Thanks.
Reguardless of taxes, investments will be made, but by different people.

Answer: The so-called ‘rich’ run the economy through their investments, which keep the middle class working (jobs). Raising their taxes destroys the economy and thus trickles down to the middle class. You are rewarding one group in favor of another, the beginning of socialism.

Tax.com Interview: Tax Analysts’ Bob Goulder on Obama’s Corporate Tax Reform

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