It's (Appalling) Math

Abby Zimet

Obama's one-liner about raising taxes on the rich to help cut the deficit - "It's not class warfare - it's math" - doesn't begin to capture the reality: Companies are hoarding cash, not making jobs, like never before. American corporations hold more cash - over $2 trillion - than at any time in almost 50 years, says a report by the Federal Reserve. Yet the right has the gall to whine about tax rates. Obscene.

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