And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.
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And don’t expect half of America to even begin to understand the principle here....they obviously voted for Obama.
Today’s USA Today states that, according to their exit poll, 63% of votes said that the economy is their most important issue. 54% of them voted for Obama. If they care about the economy, why did they vote for the candidate who wants to increase tax rates? Increasing tax rates never improves the economy. Tax increases usually harm the economy.