One of candidate Obama's campaign platform planks was a reduction of taxes for 95% of Americans and an increase for the 5% who make the most money. The stimulus bill enacted his promise for tax cuts for the 95%. We'll know within a matter of a couple of days how much more the wealthy will pay. The talking heads seem to think that the Obama administration will simply let the Bush tax cuts expire in 2010, which was also what candidate Obama promised while campaigning. That would raise the marginal tax rates on the wealthiest back to the same level they were during the Reagan administration. A significant majority of Americans agreed with Obama's platform and he was elected.

So, if one wants to call it "income redistribution", so be it. But it can also be described as a successful candidate fulfilling his campaign promises -- something we've seen way too little of in the last decade or so.