Higher Taxes For the Wealthy?

The debate over America's fiscal woes continues to intensify. Interestingly, Independents and Democrats are highly favorable of raising taxes on the "wealthy" (any income above $250,000). Republicans, on the other hand, disagree with such a proposal. According to The Hill,

On taxes, the poll reported that roughly two out of three registered voters — 64 percent — would be in favor of increasing taxes on annual income over $250,000. President Obama reiterated in his deficit-reduction speech last week that he favored allowing taxes to rise on families in that income level.

I discussed this subject on FOX News Live this past Tuesday. Here's a clip: