November 17, 2008
Columnist for The Stanford Daily Discusses Federal Fiscal Responsibility
"Government Needs Lesson in Fiscal Responsibility"
By Allysia Finley
Under Obama's tax plan, 48 percent of people will not pay any income tax and many of these people will even receive a check from the government. Those who earn more than $250,000 will see their tax burden increase by 11 percent, even though the top one percent already pay 40 percent of the nation's income taxes while earning 21 percent of the nation's income, according to the Tax Foundation.
