Basically, what the Obama tax plan does is to reverse the tilt of tax benefits for the wealthiest Americans which occurred under the tax reductions enacted during the first six years of the Bush administration. Under Obama's plan those that benefitted by the more generous reductions won't be paying any more than they were before the Bush tax reductions were enacted.

People argue that the Obama plan is "income redistribution". I suppose maybe it is...back to the way it was before the current president, along with his party who controlled Congress for the first six years of his administration, changed the tax rates to a scale more beneficial to the wealthiest Americans.

I suppose one might even observe that it was the group that benefited the most that were more generous with their campaign contributions, if that might have had anything to do with the revised tax rates.

I might add the idea that neither candidate is making much sense proposing any kind of tax cuts. Here were are with a record national debt and a federal deficit that is likely to be a multiple of the highest recorded in history and the two candidates are telling the electorate what we always want to hear--they're going to cut our taxes. If we're ever going to balance the federal budget and begin to reduce the national debt, there are probably two things that both candidates should admit are probably necessary...

INCREASE TAX REVENUES

DRAMATICALLY CUT FEDERAL SPENDING

With out those two things happening, we live in a country headed for an even greater financial disater than we've experienced in the last few weeks.