Saturday, June 27, 2009
The Tax Foundation has published How Much Does President Obama’s Budget Redistribute Income?:
New analysis of President Obama's Budget finds that he is targeting the nation's highest earners for greater income redistributions. By 2012, the federal government is scheduled to be redistributing an extra $79 billion from the top-earning 5% of American families, and $71 billion of that will be paid by the top-earning 1% of families.