%1

American pie: The truth about redistribution

In the course of discussing tax policy with an unlicensed Ohio plumber, Barack Obama suggested that “spreading the wealth around” a bit more would be good for the country. Obama was trying to explain why he wants to impose a modest tax increase on people who make more than $250,000 a year while reducing taxes on those making less than that amount. John McCain and his supporters immediately seized on Obama’s remark as a sign that Obama favors a socialist form of income redistribution.

Keyword tags