The Rich Pay Their Fair Share in Taxes — And Then Some

The Rich Pay Their Fair Share in Taxes — And Then Some

ARE AMERICANS EAGER for higher taxes on the affluent?

Barack Obama and his allies clearly think so. The president who came to office vowing to "spread the wealth around" by raising taxes on individuals with incomes above $200,000 is doubling down, making a tax hike on the rich the centerpiece of his campaign for reelection.

"We should ask the wealthiest Americans to pay a little more," he urged a White House audience last week. "We're talking about folks like me going back to the tax rates that existed under Bill Clinton.… And here's the...