Anybody who falls for this is math challenged and truly 
ignorant.  There's not enough rich people to make up the 
difference you stupid democrat clown.

In his upcoming State of the Union Address, Barack Obama is 
expected to lay out a plan to hike taxes on America�s wealthiest 
individuals and corporations in an effort to address the 
country's growing inequality.

Assuming Obama�s plan makes it through the harsh terrain of a 
Republican-controlled Congress, the initiative would free up 
$320 billion in tax revenue over the next decade to spend on a 
variety of government-sponsored programs, White House officials 
told the New York Times on condition of anonymity.

Just this month, for example, Obama announced a plan to provide 
students with two years of community college education free of 
charge. While that may sound enticing, the proposal does little 
to help another group of disgruntled Americans � an army of 
university students who have failed to find employment following 
graduation - who are stuck holding the bill on over a trillion 
dollars� worth of student loan debt.

In order to raise more cash for government-sponsored programs, 
as well as providing tax relief for the middle class, Obama 
wants to close many of the tax loopholes now open to wealthy 
individuals and firms. One of these involves inherited assets, 
which allows individuals to receive about $5.4 mln dollars in 
inheritance without having to pay any taxes on that amount.

Critics say the practice, introduced by the Bush administration, 
has helped to aggravate income inequality between the US rich 
and poor to historic levels.

Meanwhile, many US corporations are taking advantage of their 
international status, keeping their profits in offshore bank 
accounts. This highly controversial practice allows hundreds of 
companies them to actually pay less in federal taxes than the 
average middle-class American household.

he Democratic leader also plans to increase the capital-gains 
tax rate, to 28 percent from 23.8 percent, for families with 
annual incomes above $500,000. Such a measure would provide 
Washington with an extra $210 billion to implement its policies

http://rt.com/usa/223803-obama-raise-taxes-wealthy/

And there you have it, "to implement its policies" which are 
mostly failed and flawed.

    �