Raising taxes on the top 5% and Big business sounds good, but what about the fact that many large Corporations, once profitable are now posting losses and many of the so called rich individuals are now well below 250k a year in income. If this is fact, will Obama’s plan need to be modified to include tax increases for all in order to pay for all of the new programs?
Tags: Large Corporations, Losses, Rich Individuals, Tax Increases, Taxes