Why does Obama believe taxing the rich will not solve our budget problems?

If he believed that it would, he would have imposed new large taxes onto the rich already.

Instead Pres. Obama imposed tax on cigarettes and 15% payroll surtax on the poor.Why does Obama believe taxing the rich will not solve our budget problems?The Bush tax cuts are due to expire because they were passed through reconciliation and didn't actually quite meet the requirements of reconciliation. President Obama will be proposing a new tax structure. His proposals are to let the Bush tax cuts for the wealthiest expire and raise the capital gains tax.Why does Obama believe taxing the rich will not solve our budget problems?
This is a total misrepresentation of the facts.Why does Obama believe taxing the rich will not solve our budget problems?Probably because they don't pay taxes?



The tax system is made easier for the wealthy and it's like that for a reason. Our fascist tax system has shifted the burden to the Middle Class.



I bet you 90% of the middle class making 30,000 and under are taxed at least 25-30%. Hell, I live in Kentucky and I know I'm taxed out the ***, 18k is what I make before taxes, 12k is what I have after -- yet morons try and say 47% of us don't pay taxes at all when the real truth is Bill Gate billionaires don't pay **** on taxes.



Tax the middle class and you're a Patriot, tax Bill Gates and you're a communist, that's what it's starting to look like these days.



I believe everyone is entitled to keep every cent of what they earn, not just the wealthy but everyone.
coz he's a smoker himself, so it's self-punishment.Why does Obama believe taxing the rich will not solve our budget problems?Because business owners pass taxes to consumers, taxation hold the economy hostageWhy does Obama believe taxing the rich will not solve our budget problems?
Everyone has an agenda when they enter office, and then they eventually realize that politics is not about solving problems, it's about appeasing people %26amp; getting re-elected. So even if he thought it would solve America's problems, he wouldn't raise taxes on them because the Tea Bagger movement might start a Cvil War, the FOX would claim communism
Plain and simple, there is too much debt and not enough rich people. Remember, if you tax the rich too much, they'll simply move themselves and their money out of the country.Why does Obama believe taxing the rich will not solve our budget problems?
We will all be getting tax increases across the board to cover all of this Big Government spending. Our leadership wants to suppress the middle class and make us all dependent on the Government. Wait until they try and take over our pensions, 401(k)s and IRAs next. The gap between the rich and poor will continue to widen. It is basically fascism.



We need to elect politicians that will protect the Constitution and reduce Big Government in order to turn this thing around. We need to do it very soon.
Ugh, another liberal who doesn't understand economics (gee what a surprise right? haha)



When you tax the rich, the rich make up for the loss by cutting jobs at their companies, not investing, and raising the cost of the products their companies sell.



So, in essence, the increase in taxes on the rich is paid for by the middle class. Ah, but I wouldn't expect a liberal to understand that.
Adding massive taxes to the rich does not help with the unemployment problem.
Because he works for corporations. Don't you see the Republicans he has in his cabinet.
Have to make up for when dubya let the rich skate on there fair share.