GOP, support Obama on taxing the wealthy

In the United States, the top 1% control more than one third of the nation’s resources. Two out of three Americans disapprove of the current distribution of income and wealth. They believe that our economy and government unfairly favor the rich.

One of the major contributors to rising inequality is our tax system. Raising taxes on the very wealthy is an idea that appeals to many Americans, including the middle class and poor.

In his State of the Union Address on Tuesday night, President Barack Obama will attempt to address this serious issue. He will propose a set of policies to increase taxes paid by big business and the wealthiest Americans and provide tax cuts and credits for America’s middle class. Prominent economists think that the government needs to raise taxes on corporations and top earners to benefit the nation as a whole.

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