What he shows no awareness of is that it is people who have wealth who are the ones who invest it in business and thus create the jobs he says he wants. By raising taxes on "the wealthy"--in fact the upper middle class--Obama's policies are anti-growth, anti-wealth, and hurt everyone, especially those at the bottom of the wage scale. We need those investment dollars. We need to know that we don't have a government that hates success, hates wealth, and is perfectly willing to sacrifice those who earn a lot for the benefit who live off the rest of us.
In a speech Wednesday, Mr. Obama will propose cuts to entitlement programs, including Medicare and Medicaid, and changes to Social Security, a discussion he has largely left to Democrats and Republicans in Congress. He also will call for tax increases for people making over $250,000 a year, a proposal contained in his 2012 budget, and changing parts of the tax code he thinks benefit the wealthy.
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