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RAISING THE PRESSURE

Obama Tax Plan Would Ask More of Millionaires

Well, we knew that he was maybe going to do this. He has been talking about it. And here it is.

It is interesting that he has dropped or, rather, raised the minimum here from 250,000 to a million. A long held promise from his campaign. It certainly sounds better to anyone close to the 250K line. Also, he has imbedded the Warren Buffet assertion that he pays more percent tax than his secretary. A winning point.

What this does to the GOoPers at a political level is hard to say as they don't seem to behave predictably about anything.

This is supposed to replace the hated Alternative Minimum Tax. I was close enough to this dire alternative several times and it is kicking a lot of people's asses. This, actually, should make the proposal as popular as the "tax the rich" part.

This should be very satisfying to people who want him to be "tougher" whatever that means.

Labels: Administration Obama