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Tim Carney: Tax hikes on the rich to pay for corporate welfare

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During the "fiscal cliff" debate, the White House justified raising taxes on the rich to ensure people "pay their fair share." But the beneficiaries were hardly the poor and dispossessed. Instead, President Obama raised taxes on the rich to fund corporate welfare, with General Electric likely the biggest winner. Obama's income tax hikes will raise $22.5 billion this year (compared with...

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