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Who exactly is the 1 percent that the President is seeking to raise taxes on?

So the Repilicans are still dragging out. trickle Down Economics. If you raise taxes the wealthy will take it out on the working class and cut raises and cut jobs. But if we continue to give all the benefits to the wealthy well maybe they will hire someone or not cut jobs. Really. This sounds like a protection racket to me.

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booklover545

Asked by booklover545 at 12:41 PM on Nov. 18, 2012 in Politics & Current Events

Level 38 (104,699 Credits)
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  • They are not going to cut anything that needs cutting. The politicians are in no way going to do what is right for this country.  They already have another spending bill in mind.  HELLO!!  Things are only going to get worse and now we can say goodbye to the America we knew and hello to socialism/communism where the majority of Americans are going to be poor and all of the politicians and their cronies are going to be living off of us.
    Anonymous

    Answer by Anonymous at 11:45 AM on Nov. 19, 2012

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