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Maxine Waters Post Obama Tax Hikes: The Rich Must Be Taxed More

John6445 Wrote: Jan 04, 2013 10:50 AM
Lois: Clinton lowered the capital gains taxes. Then, after the Republicans took control of Congress, they balanced the budget. These actions provided stability to the business community. Of course, the economy would done even better if Clinton did not raise our taxes.

Earlier this week, President Obama called for even higher taxes on wealthy Americans in the future to tackle our massive debt and deficit problems even after hiking taxes on 77 percent of Americans in the fiscal cliff deal. Now, ethics challenged Rep. Maxine Waters, who is now the second most powerful member on the House Banking Committee, is following in Obama's footsteps by calling for further soaking of the rich through taxes on Ed Schultz's radio show. Laughably, Waters also suggests the massive cost of Social Security and Medicare can be offset by taxing the rich, even though confiscating...