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By 2012, nearly $1 trillion from the top 30 percent of American families will be redistributed among the bottom 70 percent if Obama’s proposals on taxes, health care, and climate change become law, according to the Tax Foundation.
Under the Obama plan, 70 percent of American families as a group -- those earning less than $109,460 -- will receive more in benefits than they pay in taxes...
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Friday, October 2, 2009
Obama's Policies Would Redistribute Nearly $1 Trillion in Wealth - Every Year
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