Tuesday Talk: Why protect the 1%?
To keep middle-class tax relief, which is set to expire at month’s end, in place while maintaining fiscal solvency, the President proposes a 2% tax on income above $1 million. Conservatives reject this idea, saying it would hurt small business owners. However, a recent National Public Radio story reports conservatives were unable to produce a single millionaire small business owner to talk about the impact.
How come conservatives insist on protecting the 1% over the rest of us?