Bill Clinton said Tuesday that President Barack Obama's goal of hiking taxes on the rich alone is not enough to solve the country's fiscal woes and suggested that middle class Americans must also eventually contribute more.
The folly of levying punitive taxes on the rich has been nicely illustrated by the flight of Eduardo Saverin, who renounced his American citizenship to take up the privileges of a Singaporean passport. Among them: no capital …
Buffett generated support for the idea of raising taxes on the rich after he wrote an op-ed in The New York Times in August noting that he paid taxes at a lower rate than his secretary. The proposed measure has gained support …
Eric Cantor is now claiming that it is the poor and middle class's duty to give their money to the wealthy to create jobs even though the rich have not created one job.
“Our entire financial system almost collapsed and we have spent the last three and a half years cleaning up after that mess,” Obama said, criticizing Republican support for tax cuts for the rich and less regulation. “So their ..
Danny Dorling of the IPPR demolishes the myth, pedalled by George Osborne and the one per cent, that the tax take on the rich rises the less they are taxed.