Income Redistribution: Basic Fairness or 'Class Warfare?'

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The Obama budget and tax plan would shift America's wealth from the top down. Is it time to close the gap between rich and poor or would increased taxes stifle growth by removing incentives for the wealthy to keep on working?  Are there other causes of income inequality? Also, a turnaround on stem-cell research, and a promise to crack down on defense contractors.  Is Obama up to the job?

The Obama budget and tax plan would shift America's wealth from the top down. Is it time to close the gap between rich and poor or would increased taxes stifle growth by removing incentives for the wealthy to keep on working?  Are there other causes of income inequality? Also, as promised, Obama's turnaround on stem-cell research. On Reporter's Notebook, are the days of giving defense contractors a blank check really over? 

From this Episode:

Credits

Host:

Warren Olney

Producers:

Sonya Geis, Katie Cooper