President Obama says it’s time for the rich to pay their fair share in taxes. So, what percentage of income is earned by those targeted in the Obama plan, and how does that compare to the percentage they pay in taxes? What exactly does Obama mean by a “Buffett Tax” and how much would it be? Why will Americans see higher investment and Medicare taxes even if the Obama plan fails? What other taxes does the Obama plan include that could make an upcoming flight very uncomfortable for you? And will any of this make a serious dent in our national debt? We discuss it all with Peter Sepp, executive vice president of the National Taxpayers Union.
