How do Democrats Define "Fair Share"?

Washington is teeing up "the rich" for a big tax hike next year, as a
way to make them "pay their fair share." Well, the latest IRS data have arrived
on who paid what share of income taxes in 2006, and it's going to be hard for
the rich to pay any more than they already do. The data show that the 2003 Bush
tax cuts caused what may be the biggest increase in tax payments by the rich in
American history...The idea that this has been a giveaway to the rich is a
figment of the Lefts imagination. Taxes paid by millionaire households more
than doubled to $274 billion in 2006 from $136 billion in 2003. No President has
ever plied more money from the rich than George W. Bush did with his 2003 tax
cuts. These tax payments from the rich explain the very rapid reduction in the
budget deficit to 1.9% of GDP in 2006 from 3.5% in 2003.

Most of the "rich" are small business people who are the particular engine that drives the economy. Obama and his apostles in congress would like to throw a monkey wrench into that engine despite the fact that it will result in less money to the treasury. This will satisfy the mythical goal of fairness of outcome rather than opportunity which is really just a quest for power. The statist left doesn't care if the pie is smaller as long as they control more of it.

Remember this exchange from an April debate?

MR. GIBSON: And in each instance, when the (capital gains) rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

SENATOR OBAMA: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness. We saw an article today which showed that the top 50 hedge fund managers made $29 billion last year -- $29 billion for 50 individuals. And part of what has happened is that those who are able to work the stock market and amass huge fortunes on capital gains are paying a lower tax rate than their secretaries. That's not fair.