Now this is what I voted for! Obama's tax plan may come to fruition.
Remember the campaign promises, lower the taxes on people who make less then 200 grand, and raise taxes on those who make more than 250.
This begins to undo the damage that Bush did with his tax cuts for the rich, and is hopefully on the way to undoing the damage that the Reagan tax cuts did. Remember before Reagan, the top marginal tax bracket was taxed somewhere on the order of 70%.
The good and bad: Obama may have trouble getting reelected if he raises taxes, the Republicans have this habit of duping the commoners into believing that tax cuts for the rich are a good thing. However, with the economic problems following the Bush years of tax cuts, people are seeing the problems. Jon Stewart is pointing out the hypocrisy in it. We all know Jon Stewart has more pull any of the other talking heads.
Hopefully, this will restart the trend that followed the Great Depression. The have nots realized that the key was taxing more the people who have more money. That tax policy is what made America great, and the reversal of that policy is what made America what it is today, just good. I hate to use the "S" word, but the best tax policy is one that leans just a bit more in the social direction.
And for those of you who use the word "capitalism" too much, remember, this country was founded on the principles of democratic rule, not capitalism. Don't confuse the two. Capitalism is not what makes our country great.