Stuck on catchphrases are we? This big "redistribution of wealth" talking point that people like you love to toss around means an increase in the top marginal tax rate from 35% to 39.6%, which is where it was going anyway once Bushie's tax plan expires next year.
In 1993 Clinton, a guy who knew a thing or two about building a strong economy, increased the top marginal tax rate from 31 percent to 39.6 percent and in every measurement our economy was incredibly strong, despite this "redistribution of wealth."
Ask Sarah Palin about real redistribution of wealth. Her little state gets more of your and my federal tax dollars distributed among its citizenry than any other in the nation, by far. Alaska is as close to a socialist state as exists.
BTW- Are you so hung up on this issue because your earned income is over $250,000? Are you upset that you can no longer aspire to be a millionaire because of an extra 4.9% margin for earnings OVER a quarter million (not including the first). Have you even a clue as to the reality of what I'm spelling out here, or will you respond with a kneejerk reaction supporting your unquestioning obeyance to right wing talking points?
Oh, and by the way, the top marginal tax rate AVERAGED over 50% under the beloved Republican hero Ronald Reagan and over 73% under Richard Nixon. So, are you still scared that "socialist" Obama's proposed (and that would have to pass through Congress) 39.6% will have us all marching goosestep as we renounce our worldly possessions, smart ass?
http://www.truthandpolitics.org/top-rates.php
