What will our president do? I say he will include families making $250,000 in his tax cuts. Moreover, if reelected, he will increase taxes on the middle class. Obama is a redistributionist. He believes more ardently in redistributing wealth than in creating it. Follow the course of Obama's earlier redistributionist, Franklin Roosevelt, and you will know the direction in which Obama is going.
In the current issue of The American Spectator, Burton W. Folsom Jr. and Anita Folsom write that FDR "lamented" in the late 1940s that "too many people are earning money and not contributing to the government." Thus, he and his New Dealers got to work raising taxes. From "1940 to 1942, the number of Americans paying income taxes jumped almost ten fold, from 4 million to 39 million. Furthermore, the starting tax rate skyrocketed from 4 percent to almost 24 percent." No wonder FDR is one of Obama's heroes.
Yet Obama is a reactionary. He believes in the past, a past of vast government control of the economy, redistribution and slow growth. Christie and Congressman Paul Ryan of Wisconsin believe in growth. The future is theirs.