Economics
Taxing Millionaires Casts Obama’s Democrats as Class ‘Warriors’
This article is for subscribers only.
Democrats have turned to an agenda that Republicans are calling class warfare, as President Barack Obama presses a “Buffett Rule” to tax the rich, Senate Democrats offer a millionaires’ tax instead and party leaders fulminate against Bank of America’s $5 debit-card service fee.
Campaigning for re-election, Obama welcomes the charge.