WAGING WAR ON PROSPERITY
By DICK MORRIS & EILEEN MCGANN
PRESIDENT Lyndon John son's administration was known for his War on Pov erty. President Obama's will become notable for his War on Prosperity.
We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.
And soon the next shoe will drop - he'll announce that he's keeping yet...
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