This is not about raising revenue; it is about redistributing the"wealth." It is about Obama getting his way and not caving to Rs. As has been said, "It's his way or the highway." The amount of revenue raised by taxing the rich will quickly be offset by the jobs lost by employees of the "rich." I don't live in NY, but I have read about the cost of living there, the cost of rent, etc. and I don't think a family (two workers and two children) earning $250,000 are living very high on the hog. I hope the Rs just let the Ds jump over the cliff and let the people who voted Obama into office suffer the consequences. Of course all of us will for a while, but maybe that will help with the 1014 elections.