To the Point
Income Redistribution: Basic Fairness or 'Class Warfare?'
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?
By Warren Olney • • 1h 0m ListenThe 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?
In this episode
3 storiesObama Lifts Restrictions on Federally Funded Stem-Cell Research
One of the hallmarks of the last administration was the restriction on human embryonic stem-cell research. Today, as he promised in last year’s campaign, President Obama lifted the Bush restrictions , although he said that, as a person of faith, he understood them. Jeffrey Young covers healthcare for The Hill .
Read the story6 minIncome Redistribution: Basic Fairness or 'Class Warfare?'
The gap between rich and poor has been growing fast.
Read the story36 minAmerica's Military Still Gearing Up for Cold War in 2009
The Government Accountability Office, an arm of Congress, says 95 ongoing major defense programs exceed their budgets by a total of $295 billion taxpayer dollars. Last week, President Obama issued a memorandum to all agencies and departments on fiscal responsibility. At a press conference, he singled out the defense lobby .
Read the story7 min
